Troubled Accounting Startup Bench Acquired After Sudden Shutdown

Bench, the VC-backed accounting startup that abruptly shut down last week, locking thousands of customers out of their accounts, has been acquired by Employer.com for an undisclosed price. Employer.com, a San Francisco-based HR tech company focusing on payroll and onboarding, will revive Bench's platform. Customers will be able to transfer their data or continue service under the new ownership. The previous recommendation for customers to file for a six-month extension with the IRS is no longer necessary if they choose to stay with the service.