HubSync Raises Over $100M in Investment from Thoma Bravo to Revolutionize Tax Automation

HubSync Raises Over $100M in Investment from Thoma Bravo to Revolutionize Tax Automation

HubSync, a leader in tax compliance and workflow automation software, has exciting news! The company has recently secured a strategic growth investment exceeding $100 million from Thoma Bravo, a prominent software investment firm. This significant funding will enable HubSync to enhance its product development, improve customer service, and foster growth within the tax and accounting industry.

About HubSync

Founded in 2019, HubSync specializes in providing an all-in-one platform that simplifies complex workflows for CPA firms. Many of these firms currently depend on multiple point solutions, making HubSync’s comprehensive platform a game-changer. The aim is to drive efficiency and elevate the client experience through automation.

Remarkable Growth and Performance

Since its inception, HubSync has experienced remarkable growth, achieving a 744% increase in revenue from 2020 to 2024. The company has also maintained a strong profitability track record and currently serves over 40% of the top 25 accounting firms in the United States.

Investment Insights

  • Financial Advisory: Kaizen Equity Partners acted as the financial advisor for HubSync.
  • Legal Counsel: Taft Law provided legal representation for HubSync, while Goodwin advised Thoma Bravo on the transaction.

Leadership Perspectives

HubSync’s founder and CEO, John McGowan, stated, “HubSync’s mission to modernize tax and accounting technology has reshaped the industry. Thoma Bravo’s expertise in scaling software companies will help accelerate our innovation, expand our industry reach, and enhance the value we deliver to our clients.”

Adding to this, Thoma Bravo partner Ross Devor commented, “HubSync’s cutting-edge technology and market leadership position it as a standout in the tax and accounting software space.”

Learn More

For further insights and updates on HubSync’s journey and the impact of this investment, visit RegTech Analyst.

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Stay tuned for more news about how HubSync continues to innovate and transform the tax and accounting landscape!

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