Founded in 1980, SBS initially licensed and sold third-party software applications in a variety of industries. In 1990, SBS began developing its own accounting software to better serve its customers' needs. In the mid-90s, SBS began focusing on the newspaper industry and has since grown its market penetration to nearly 40%.Today, SBS' on-premises and cloud accounting software helps growing companies in a range of industries manage their financials, payroll / HR, and procurement operations.