Thoma Bravo Announces More Than $100M Strategic Growth Investment in HubSync
- Editor
- May 5
- 1 min read
Whats Happening:
Thoma Bravo, a leading software investment firm, has announced a strategic growth investment of over $100 million in HubSync, a premier all-in-one tax and accounting platform for CPA firms. This investment is expected to accelerate HubSync's product roadmap, enhance customer service, and drive continued growth and innovation in the tax and accounting software space.
Key Moves:
Thoma Bravo invests over $100 million in HubSync
Investment to accelerate HubSync's product roadmap and customer service
HubSync serves over 40% of the top 25 accounting firms in the U.S.
By The Numbers:
HubSync achieved 744% revenue expansion from 2020 to 2024
Over 85% of top CPA firms rely on five or more software point solutions
Thoma Bravo manages over US$179 billion in assets as of December 31, 2024
Key Quotes:
"HubSync's mission to modernize tax and accounting technology has reshaped the industry," said John McGowan, Founder and CEO of HubSync.
"We see tremendous potential to scale HubSync's solutions and capture a larger share of this growing market," said Ross Devor, a Partner at Thoma Bravo.
"We're excited to leverage our operational expertise to support HubSync's next phase of expansion," said Dillon Biddiscombe, a Vice President at Thoma Bravo.
Bottom Line:
Thoma Bravo's significant investment in HubSync underscores the growing importance of innovative, all-in-one solutions in the tax and accounting software market. This strategic move is poised to accelerate HubSync's growth and potentially reshape the industry landscape, offering enhanced efficiency and value for CPA firms.
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