Global software company, CaseWare International Inc. have recently announced a strategic investment in the company has been made by Hg Capital.
By acquiring a stake in CaseWare, Hg will assist in the support and continued growth of the company including the industry’s leading CaseWare Cloud solution, currently supporting over a million audit engagements globally.
“We selected Hg as our partner in order to help us, our employees and our distributors to accelerate a shared vision of being the leading cloud audit and assurance software provider across the world,” commented CaseWare’s co-founder Dwight Wainman. “Hg’s experience in business software and its partnership approach to its investments will allow us to realize the potential in our suite of cloud products, which we have been developing for the past eight years, through further investment in our distributors and deepening our employee base.”
“Hg’s investment and significant experience in our sector came at a very exciting time for CaseWare,” CaseWare’s CEO Matt Dodds added. “Together with Hg, we are ready to accelerate the growth of our next-generation audit and assurance cloud products, which will significantly benefit and enrich the experience of our customers. The investment will also help us to continue our sector expansion and implement other areas of value creation and product development across the business. We welcome the team from Hg and are really excited about what the future holds.”
Managing Director of CaseWare UK, Simon Warren adds "We're all excited to see the benefits this will bring to our clients in the UK as we continue our transition to the cloud. All of our projects will be enhanced by such an investment, and customers can look forward to seeing even more innovative CaseWare solutions arriving on the market."
A partner at Hg who specialises in software investments within the financial, tax and accounting, ERP and regulatory sectors, Jonathan Boyes has declared the investment a positive step that allows CaseWare the scope for significant global growth.
“Very early on [Dwight] saw the potential for cloud technology and, since starting the business over 30 years ago, has created a leading global enterprise in audit workflow and analytics software, with further runway to significantly grow the business,” said Boyes “We are truly delighted that they have selected Hg as a partner to continue this work with them, Matt and the team, over the long-term.”
CaseWare develops groundbreaking audit software solutions for corporations, governments and accounting firms. With the aim to sculpt the future of audit analytics and audit, CaseWare’s platforms adopt cloud technology along with artificial intelligence and machine learning to help users see noticeable returns on quality, efficiency and value for both customers and clients alike.
CaseWare International Inc.
Operating in over 130 countries, through a network of regional distributors servicing over 500,000 users, CaseWare has been ahead within the industry for more than 30 years, supplying award-winning audit and assurance software to governments, professional and corporate clients. Creating technology to push limits and break boundaries has always been the company’s mission, along with displaying dedication to continuous innovation for auditors and accountants in practices, in corporations and governments internationally.
About Hg
A leading investor in software and services globally, focused particularly on supporting businesses whose products change the way we all do business. With a wealth of technology expertise partnered with vertical application specialisation and committed operation support, Hg offers a prime opportunity for any management teams interested in escalating their business. With funds under management of over $30 billion, Hg has an experienced team over 140 investment professionals, along with a portfolio team of more than 30 operators, on hand to offer practical support to enable businesses to foresee their growth potential. The investment giant has offices based in Munich, New York and London, boasting a lengthening list of over 30 technology and software businesses, amounting to over 35,000 employees across the US, UK and Europe. Any further details can be found on the Hg website.
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