Consero Global, a finance software and services provider for businesses, has raised $50m from private equity firm BV Investment Partners.
The deal has been made in collaboration with the founders and management of Consero. This investment follows on from a $5m growth investment into Consero from Kayne Partners in 2015.
Founded in 2006, Consero offers mid-sized companies a finance and accounting platform. Its services include tools for bookkeeping, budgeting and forecasting, financial modelling, analytics, investor relations, external reporting, and compliance management.
The company recently revealed its new SIMPL financial management console which comes with traditional CFO, controller and bookkeeping services. The cloud-based commend centre gives clients financial clarity on the performance of the business and a scalable infrastructure to support daily business operations and accounting processes.
With the new batch of capital, Consero is looking to organically grow through the expansion of its development efforts and creation of new technologies. It will also look to adopt an acquisition strategy.
Consero Global president Bill Klein said, “Technology is growing more and more critical in delivering finance and accounting services. Working with BV will enhance our rate of innovation, especially the incorporation of artificial intelligence driven automation into our SIMPL platform.”
Earlier in the year, BV Investments picked up a majority stake in the risk management and employee benefits company Risk International.
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