H.I.G. Growth Companions Will make Advancement Investment decision in Top rated-Rated Accounting System, Accounting Seed
COLUMBIA, Tenn., Might 26, 2021 /PRNewswire/ — Accounting Seed, a leading cloud-based supplier of accounting and fiscal administration program, right now announced that it has been given a sizeable expansion investment decision from H.I.G. Advancement Associates (“H.I.G.”) the committed progress cash affiliate of H.I.G. Cash, a primary international alternate investment organization. With more than 1,000 clients, Accounting Seed options to use the advancement money from H.I.G. to expand the firm’s merchandise enhancement, help, internet marketing, and product sales efforts.
Accounting Seed is presently transforming firms, and we are psyched to be on this journey with them.
Launched in 2008 by Tony Zorc—Chief Govt Officer, IT professional, and now author—Accounting Seed is a comprehensive accrual accounting option serving tiny to midsize enterprises throughout all industries. Accounting Seed’s created-in, straightforward-to-use “click on, no code” configurations, automation, and innumerable customization choices will allow the system to scale together with customers’ special requires, procedures, and demands.
“We are thrilled to lover with H.I.G. on our upcoming stage of growth, while also further more deepening our purchaser and associate community inside of the Salesforce ecosystem,” reported Zorc. “We system to spend better resources to even further greatly enhance our platform, letting consumers and partners to make additional personalized, all-in-a person remedies that in good shape their respective desires.”
Following two decades of interviewing opportunity expenditure partners, Accounting Seed chosen H.I.G. because of their enthusiasm for and achievement with technology and software package businesses, alignment with Accounting Seed’s growth strategy, target on Accounting Seed’s focus on marketplaces, and deep practical experience with pursuing strategic, incorporate-on acquisitions.
“Investing in Accounting Seed’s SaaS accounting platform presents a mutually effective partnership,” claims Evan Karp, Handling Director at H.I.G. “As a mission-essential accounting system, Accounting Seed is previously reworking enterprises across the world, and we are energized to be on this ongoing growth journey with them.”
“The partnership with H.I.G. delivers far more sources for Accounting Seed to grow our progress staff and operations, providing the resources required to carry new attributes, teach and educate our associates, and assist the ever-increasing wants of our shoppers,” mentioned Caroline Beatson, Main Functions Officer at Accounting Seed. “It truly is an exciting time for all people at Accounting Seed!”
Piper Sandler recommended Accounting Seed on the transaction with legal counsel from Cooley LLP.
About Accounting Seed
Headquartered in Columbia, Maryland, Accounting Seed was founded in 2008 by Tony Zorc, a CPA and former CFO who believes in a greater way to do accounting. The platform’s innovative, versatile, and sturdy architecture will allow consumers to deal with their financial data their way. Run by the Salesforce system, Accounting Seed’s safe and reliable technologies enables a 360-diploma perspective of a customer’s business enterprise, putting the time back again in their arms. For much more information and facts, go to www.accountingseed.com.
About H.I.G. Growth Associates
H.I.G. Advancement Companions is the focused progress cash expenditure affiliate of H.I.G. Cash, a main global alternate financial commitment firm with $44 billion of fairness funds under administration. H.I.G. Expansion seeks to make equally greater part and minority investments in robust, development-oriented enterprises found during North America, Europe, and Latin The us. H.I.G. Advancement Associates considers investments across all industries but focuses on certain high-expansion sectors where by it has intensive in-house experience these as engineering, healthcare, world-wide-web and media, client products and technological innovation-enabled economic and business providers. H.I.G. Advancement strives to work carefully with its management groups to serve as an seasoned source, providing broad-dependent strategic, operational, recruiting, and fiscal management expert services from a large in-household staff and a sizeable community of 3rd-celebration interactions. For far more info, remember to refer to the H.I.G. internet site at www.HIGgrowth.com.
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