Thoma Bravo Invests Over $100M in HubSync for Growth

Thoma Bravo has announced a strategic growth investment of more than $100 million in HubSync, a premier tax and accounting platform. This investment, announced in a press release, aims to accelerate HubSync's product roadmap and enhance customer service, supporting its continued growth and innovation.

Founded in 2019, HubSync has rapidly expanded, achieving a 744% revenue increase from 2020 to 2024. The platform is utilized by over 40% of the top 25 accounting firms in the United States, offering solutions that streamline workflows and improve client experiences. With Thoma Bravo's investment, HubSync plans to further modernize tax and accounting technology, leveraging the firm's expertise in scaling software companies.

John McGowan, Founder and CEO of HubSync, expressed confidence in the partnership with Thoma Bravo, highlighting the potential to drive further growth and transformation in the tax and accounting landscape. Ross Devor, a Partner at Thoma Bravo, emphasized HubSync's market leadership and the opportunity to scale its solutions to capture a larger market share.