Acquisition of
June 2019
Bluffpoint Associates, a middle-market private equity firm, has acquired Swizznet, a provider of IT resources to CPA firms and accounting departments.
- Swizznet is a leading player in the ITaaS space hosting Sage and QuickBooks applications in the SMB markets
- This marks the second transaction on which MPG has advised the BPA team and its portfolio companies since the beginning of 2018
About Bluff Point Associates
Bluff Point Associates is a private equity firm based in Westport, CT. BPA actively invests in middle-market information services companies supporting the banking, trust, securities, retirement and wealth management sectors of the financial services industry, as well as the healthcare information services sector. BPA’s team collectively has decades of experience in recognizing a company’s growth potential and working with its management to reach that potential. BPA has no outside investors, which allows them to take a longer-term outlook.
About Swizznet
Swizznet brings the cloud to accounting software, making applications available anytime, anywhere with enterprise class hosting. Swizznet’s secure, easy and proven hosted accounting offering is the premium solutions for real-time collaboration and unlimited access to QuickBooks, Sage and tax accounting software. Its hosted accounting solutions offer a secure platform that enable small to medium-sized companies to eliminate IT headaches while adding unlimited mobility and scalability for a seamless and reliable experience – all day, every day. By partnering with the best software and web applications available, Swizznet hosts comprehensive solutions for every facet of business.
Client Highlights
- 2 Transactions
- 3 Years of Partnership
Transaction Details
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SectorsTech-Enabled & IT Services
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ServiceM&A
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OwnershipInvestor-Backed
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Practices
Managed IT ServicesSponsor Coverage
Managed IT Services
Sponsor Coverage
“Bluff Point is excited to partner with the Swizznet team and support them in their future growth initiatives. Swizznet’s enterprise hosted accounting services provide anytime access to a full suite of desktop software targeting accounting and finance professionals. Swizznet’s private cloud brings all of their customer’s core accounting and business applications together in a single hosted environment. Furthermore, Swizznet also can deploy solutions on world-class Azure or Google infrastructure to customers who value a hyperscale cloud environment.”