HubSync, a tax compliance and workflow automation software company has secured a strategic growth investment of over $100m from Thoma Bravo, a leading software investment firm.
The funding will accelerate HubSync’s product development, enhance customer service, and support continued growth across the tax and accounting sector.
Founded in 2019, HubSync provides an all-in-one platform designed to simplify complex workflows for CPA firms, many of which currently rely on multiple point solutions. The platform aims to drive efficiency and improve client experience through automation.
The company has seen rapid expansion since launch, recording a 744% increase in revenue from 2020 to 2024, alongside strong profitability. HubSync currently serves over 40% of the top 25 accounting firms in the US.
Kaizen Equity Partners acted as financial advisor to HubSync, with legal counsel provided by Taft Law. Goodwin advised Thoma Bravo on the transaction.
HubSync founder and CEO John McGowan said, “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.”
Thoma Bravo partner Ross Devor said, “HubSync’s cutting-edge technology and market leadership position it as a standout in the tax and accounting software space.”
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