#United States #Franklin #Thoma Bravo #Tax Automation #HubSync

Thoma Bravo's Major Investment in HubSync

On May 5, 2025, Thoma Bravo, a prominent firm specializing in software investments, disclosed a remarkable strategic growth investment surpassing $100 million in HubSync. This investment is anticipated to significantly bolster HubSync's product development roadmap and enhance customer service, facilitating ongoing expansion and innovation.

HubSync, established in 2019, has quickly ascended to the forefront of tax and accounting automation, presenting a comprehensive platform that enhances workflows and efficiency for CPA firms. Specifically, HubSync offers solutions that automate crucial accounting processes, which empowers various tax professionals. This growing reliance on integrated systems over multiple software solutions signals a shift in the industry, illustrating the need for unified, automated alternatives like HubSync to produce a favorable return on investment (ROI).

The company has demonstrated impressive growth metrics, boasting a staggering 744% revenue increase between 2020 and 2024 while maintaining profitability. Currently, HubSync provides services to many of the top CPA firms in the United States, who have adopted its innovative technology to transform their client interaction and internal accounting processes. Notably, HubSync has secured clients from over 40% of the top 25 accounting firms in the country, showcasing the strength of its offerings and a robust pipeline for future growth.

John McGowan, the Founder and CEO of HubSync, expressed optimism about the continued partnership with Thoma Bravo, stating that their expertise is poised to accelerate HubSync's innovative capabilities whilst expanding its reach in the industry and enhancing client satisfaction. Prior to HubSync, McGowan co-led tax technology at Deloitte and served as KPMG's Chief Information Officer for global tax, accumulating over two decades of technology experience in the field.

According to Ross Devor, a partner at Thoma Bravo, HubSync's advanced technology and its leading position in the market distinctly highlight its capacity to meet the evolving needs of tax and accounting professionals. HubSync's solutions aim not only to streamline workflows but also to enhance user experience and client satisfaction. Thoma Bravo's interest in HubSync emphasizes the firm's commitment to scaling operations to capture a larger segment of the growing software market within the accounting sector.

Dillon Biddiscombe, Thoma Bravo's Vice President, added that the firm is thrilled to support HubSync as it embarks on this crucial phase of expansion, focusing on its innovative approach and rapid development.

In addition, Kaizen Equity Partners has been appointed as the financial advisor, while Taft Law serves as legal counsel for HubSync. Goodwin has taken on the role of legal advisor for Thoma Bravo.

About HubSync
HubSync has emerged as a leading provider of tax compliance and workflow automation software, serving top CPA firms across the United States and Canada. Over the last year, the company has achieved remarkable growth, more than doubling its customer base. Based in Franklin, Tennessee, HubSync has been recognized in the 2024 Deloitte Technology Fast 500, citing an impressive 550% revenue growth.

About Thoma Bravo
Thoma Bravo is one of the most significant software-focused investment firms, boasting assets under management exceeding $179 billion as of December 31, 2024. The firm utilizes a blend of private equity, growth equity, and credit strategies to invest in innovative, growth-oriented enterprises within the software and technology industries. Over the past 20 years, Thoma Bravo has invested in around 520 companies that collectively represent an enterprise value of approximately $275 billion, indicating a strong track record in the sector.

For additional information about HubSync, you can visit www.hubsync.com and for Thoma Bravo, check thomabravo.com.