H.I.G. Advancement Partners Completes Expense in Accounting Seed | Organization
3 min readBOSTON–(Organization WIRE)–May 26, 2021–
H.I.G. Growth Partners (“H.I.G.”), the dedicated development cash expenditure affiliate of H.I.G. Cash, is delighted to announce the completion of a strategic expansion expenditure in Accounting Seed, Inc. (“Accounting Seed” or the “Company”), a promptly rising cloud-primarily based accounting and fiscal management program platform.
Centered in Columbia, MD, Accounting Seed is a mission essential SaaS accounting system that is purpose designed for small to medium enterprises (“SME”). Created on Drive.com, Accounting Seed presents a robust and scalable enterprise quality technology stack and permits its customers to fully pilot their organizations with just one procedure of record and unified workflow – from gross sales guide by to the normal ledger. The Company’s attribute loaded software package system also presents SMEs a highly versatile accounting and economic administration option that is conveniently customizable utilizing simply click / no-code technologies.
Accounting Seed options to use the funding to execute its solution roadmap, increase the group with essential hires, make strategic acquisitions, and devote in more product sales and advertising routines to additional accelerate growth. Tony Zorc, Founder and Main Executive Officer of Accounting Seed commented, “We are thrilled to lover with an H.I.G. team that has had impressive achievements with program investments. We have created a special alternative for our shoppers more than the past various many years, and H.I.G.’s expenditure will permit us to extend our staff and generate even increased improvements in our platform. We are excited for the journey forward.”
“Accounting Seed signifies an ideal possibility to make investments in a differentiated and mission-significant cloud-primarily based accounting and monetary administration answer that allows SMEs enact their digital transformation methods,” reported Evan Karp, Taking care of Director at H.I.G. “We are excited to be partnering with the full group at Accounting Seed and to aid them execute on the Company’s progress plans.”
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.
About Accounting Seed
Accounting Seed is a cloud-based mostly accounting and fiscal management platform that transforms and empowers corporations. With its enhanced features, buyers operate their enterprise additional strategically and have remote entry to their financials at any time. Businesses can totally pilot all back-office features in a person atmosphere by tapping the power of the Salesforce platform, get rid of uncertainties and faults with amplified knowledge visibility, and effortlessly customize and configure the cloud-primarily based surroundings to accommodate their one of a kind business demands and workflows.
About H.I.G. Advancement Companions
H.I.G. Progress Companions is the dedicated growth money expenditure affiliate of H.I.G. Capital, a main world wide alternative expenditure company with $44 billion of equity cash beneath administration.* H.I.G. Progress seeks to make both greater part and minority investments in sturdy, progress-oriented enterprises positioned through North The usa, Europe and Latin The us. H.I.G. Advancement Associates considers investments across all industries but focuses on sure superior-progress sectors wherever it has extensive in-dwelling experience this sort of as technological know-how, health care, online and media, shopper products and technological know-how-enabled economic and business providers. H.I.G. Development strives to get the job done intently with its management groups to provide as an professional source, supplying broad-centered strategic, operational, recruiting, and money administration services from a wide in-household team and a considerable network of third-celebration relationships. For extra information, please refer to the H.I.G. website at www.HIGgrowth.com.
* Dependent on total money commitments managed by H.I.G. Cash and affiliate marketers.
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Contact: Evan Karp
Controlling Director
H.I.G. Development Partners
Key phrase: UNITED STATES NORTH America MASSACHUSETTS MARYLAND
Business Search phrase: FINANCE ACCOUNTING Expert Products and services Technologies Software program
Source: H.I.G. Expansion Associates
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PUB: 05/26/2021 06:30 AM/DISC: 05/26/2021 06:32 AM
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