HubSync Secures Over $100M from Thoma Bravo for Strategic Growth
Deal News | May 05, 2025 | Thoma Bravo
Thoma Bravo, a renowned software investment firm, has announced a strategic growth investment exceeding $100 million in HubSync, a leading all-in-one tax and accounting automation platform. Founded in 2019, HubSync specializes in empowering accounting firms and tax professionals by improving efficiency, accuracy, and workflows through its innovative platform. This partnership aims to accelerate HubSync’s product roadmap, customer service, and foster continued growth. HubSync, which serves a significant number of top CPA firms, has shown remarkable growth, achieving 744% revenue expansion. Thoma Bravo’s expertise will support HubSync in increasing its market presence and enhancing client value. Financial and legal advisories involved in the deal include Kaizen Equity Partners and Taft Law for HubSync, and Goodwin for Thoma Bravo.
Sectors
- Software and Technology
- Tax and Accounting
Geography
- United States – HubSync serves many leading CPA firms in the U.S., and both HubSync and Thoma Bravo are headquartered in the U.S.
- Canada – HubSync's expansion includes servicing CPA firms across Canada, shaping its geographical relevance.
Industry
- Software and Technology – Thoma Bravo’s investment focuses on expanding HubSync's technological capabilities in software tailored for tax and accounting automation.
- Tax and Accounting – HubSync specializes in tax compliance and workflow automation for leading CPA firms, marking its significant relevance to the tax and accounting industry.
Financials
- More than $100 million – The investment amount made by Thoma Bravo into HubSync.
- 744% revenue expansion – The revenue growth achieved by HubSync from 2020 to 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thoma Bravo | Investor | Company | A leading private equity firm focused on investments in software and technology sectors with significant assets under management. |
| HubSync | Target Company | Company | A provider of tax compliance and workflow automation software founded in 2019, serving top CPA firms in the U.S. and Canada. |
| John McGowan | Founder and CEO | Person | CEO of HubSync, previously involved in technology leadership at KPMG and Deloitte. |
| Ross Devor | Partner at Thoma Bravo | Person | Partner at Thoma Bravo, expressing confidence in HubSync’s market potential. |
| Dillon Biddiscombe | Vice President at Thoma Bravo | Person | Vice President at Thoma Bravo, optimistic about HubSync's innovative trajectory. |
| Kaizen Equity Partners | Financial Advisor | Company | Served as financial advisor to HubSync during the investment. |
| Taft Law | Legal Counsel to HubSync | Company | Acted as legal counsel for HubSync in the transaction with Thoma Bravo. |
| Goodwin | Legal Counsel to Thoma Bravo | Company | Provided legal counsel to Thoma Bravo for this investment. |