HubSync, a Franklin, Tennessee-based provider of tax compliance and workflow automation software, has secured a strategic growth investment of over $100m from software-focused private equity firm Thoma Bravo.
The funding aims to bolster HubSync’s product development, customer service capabilities and overall expansion plans.
Founded in 2019, HubSync offers an all-in-one platform designed to streamline tax preparation and client workflows for CPA firms. The solution replaces the need for multiple software tools, addressing inefficiencies that persist in over 85% of top firms that currently rely on several disconnected systems.
The firm has reported rapid progress since its inception, achieving a 744% revenue increase between 2020 and 2024 while maintaining profitability. Today, HubSync serves over 40% of the top 25 accounting firms in the US and is continuing to build a robust pipeline of clients across North America.
HubSync intends to use the new capital to speed up its product roadmap, broaden its reach across the industry, and improve value delivery to clients.
Kaizen Equity Partners acted as financial advisor to HubSync, with Taft Law serving as its legal counsel. Thoma Bravo received legal counsel from Goodwin.
HubSync founder and CEO John McGowan said, “HubSync’s mission to modernize tax and accounting technology has reshaped the industry. Thoma Bravo’s expertise in scaling software companies will help accelerate our innovation, expand our industry reach, and enhance the value we deliver to our clients.
“This investment is a testament to the strength of our platform and team. We look forward to partnering with Thoma Bravo to drive further growth and transformation of the tax and accounting landscape.”
Thoma Bravo partner Ross Devor said, “HubSync’s cutting-edge technology and market leadership position it as a standout in the tax and accounting software space.
“John and his team have used their deep industry experience to build a platform that meets the critical needs of tax and accounting professionals as they seek to unlock efficiencies and streamline their workflows, as well as elevate customer experience and satisfaction. We see tremendous potential to scale HubSync’s solutions and capture a larger share of this growing market.”
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
Copyright © 2018 RegTech Analyst
