H.I.G. Advancement Companions Completes Financial investment in Accounting Seed | Enterprise

BOSTON–(Enterprise WIRE)–May perhaps 26, 2021–

H.I.G. Development Partners (“H.I.G.”), the focused progress money expense affiliate of H.I.G. Cash, is happy to announce the completion of a strategic expansion financial investment in Accounting Seed, Inc. (“Accounting Seed” or the “Company”), a fast escalating cloud-primarily based accounting and monetary management program system.

Based in Columbia, MD, Accounting Seed is a mission crucial SaaS accounting system that is function developed for small to medium enterprises (“SME”). Constructed on Power.com, Accounting Seed offers a strong and scalable business quality technological innovation stack and allows its customers to completely pilot their corporations with one method of file and unified workflow – from gross sales guide via to the basic ledger. The Company’s attribute abundant computer software system also presents SMEs a extremely versatile accounting and fiscal administration option that is easily customizable using click on / no-code technological know-how.

Accounting Seed plans to use the funding to execute its solution roadmap, develop the group with vital hires, make strategic acquisitions, and devote in supplemental income and marketing activities to even more speed up progress. Tony Zorc, Founder and Chief Executive Officer of Accounting Seed commented, “We are thrilled to companion with an H.I.G. crew that has experienced outstanding good results with program investments. We have produced a exceptional answer for our shoppers more than the past several many years, and H.I.G.’s expense will permit us to develop our group and generate even better improvements in our system. We are thrilled for the journey in advance.”

“Accounting Seed represents an perfect possibility to commit in a differentiated and mission-significant cloud-based mostly accounting and financial management alternative that assists SMEs enact their electronic transformation tactics,” said Evan Karp, Running Director at H.I.G. “We are excited to be partnering with the full team at Accounting Seed and to support them execute on the Company’s advancement strategies.”

Paul Hastings LLP served as legal counsel to H.I.G. on the transaction. Piper Sandler and Cooley LLP recommended Accounting Seed on the transaction.

Accounting Seed is a cloud-dependent accounting and fiscal administration system that transforms and empowers businesses. With its improved attributes, buyers operate their business much more strategically and have remote entry to their financials at any time. Organizations can entirely pilot all back-office functions in a person setting by tapping the power of the Salesforce system, reduce uncertainties and problems with increased details visibility, and quickly personalize and configure the cloud-based environment to fit their exclusive organization demands and workflows.

About H.I.G. Development Companions

H.I.G. Development Associates is the dedicated progress funds investment affiliate of H.I.G. Capital, a major worldwide alternate expense firm with $44 billion of equity money under management.* H.I.G. Expansion seeks to make each greater part and minority investments in solid, growth-oriented firms situated all over North The usa, Europe and Latin America. H.I.G. Progress Associates considers investments across all industries but focuses on specific large-development sectors in which it has substantial in-house know-how such as technologies, health care, online and media, buyer items and know-how-enabled money and company products and services. H.I.G. Development strives to operate closely with its administration groups to serve as an expert source, offering wide-primarily based strategic, operational, recruiting, and financial management services from a extensive in-residence staff and a considerable community of third-occasion interactions. For additional information, be sure to refer to the H.I.G. internet site at www.HIGgrowth.com.

* Dependent on total cash commitments managed by H.I.G. Money and affiliate marketers.

Search phrase: UNITED STATES NORTH The united states MASSACHUSETTS MARYLAND

Sector Search term: FINANCE ACCOUNTING Qualified Expert services Technologies Program

Resource: H.I.G. Progress Partners

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PUB: 05/26/2021 06:30 AM/DISC: 05/26/2021 06:32 AM