Have any Online Accounting Software companies closed?

[Fred Bone]

On 15 January 2017 at 19:15, Dr. David Kirkby (Kirkby Microwave Ltd) 
said:

> My accountant recommended KashFlow
> 
> https://www.kashflow.com/l/home-v2/
> 
> which is online based - you access it with a web browser, rather than have
> the software on your own computer. I'm not too keen on this idea, as that
> company can go to the wall, and you have your data in their proprietary
> format.
> 
> Are there any examples of such companies going broke or otherwise closing?
> What problems did it cause people?

Perhaps you could ask your acountant for a written guarantee that 
KashFlow will not fold ...