HubSync secures more than $100m from Thoma Bravo
From Yahoo Finance: 2025-05-06 08:21:00
HubSync, a tax and accounting platform, receives over $100m investment from Thoma Bravo to fuel growth and enhance services. Founded in 2019, the Franklin-based company focuses on automation to improve efficiency and accuracy for accounting firms and professionals, reporting over 100% customer growth in the past year.
The platform has a customer base including major CPA firms in the US and Canada, with a 744% revenue increase from 2020 to 2024. Thoma Bravo partner Ross Devor praises HubSync’s platform for meeting critical needs of tax professionals. Founder John McGowan’s experience includes roles at KPMG and Deloitte, with plans to accelerate innovation and industry reach.
McGowan expresses excitement for Thoma Bravo’s expertise in scaling software companies to drive growth and transformation in the tax and accounting landscape. The investment is seen as a testament to HubSync’s platform strength and team value. The partnership aims to enhance customer experience and satisfaction while expanding industry reach.