Private Equity Ownership of Accounting Industry Vendors - Investment vs Harvest Decisions

Private equity (PE) ownership has significantly influenced the accounting industry, particularly in the realm of technology and service providers. Here's an overview of key vendors within the accounting sector that are currently under PE ownership:

🔹 CPA Site Solutions

• Acquisition: In November 2011, The Riverside Company, through its Micro Cap Fund II, acquired CPA Site Solutions, a Vermont-based provider of online marketing tools for CPA firms. 

• Merger: In July 2013, Riverside merged CPA Site Solutions with ProSites, Inc., a medical, veterinary and dental website design firm, to create a combined entity focused on providing website design and marketing solutions for accounting, dental, and medical professionals. ProSites

• Current Status: As of October 2025, Riverside remains the owner of CPA Site Solutions, which continues to operate as a leading provider of websites for accounting firms, financial planners and other professional service industries.  

🔹 Right Networks

• Recapitalization: In September 2016, Right Networks, a provider of cloud solutions to accountants and small and medium-sized businesses, was recapitalized by BV Investment Partners, a Boston-based private equity firm. 

• Continuation Fund: In October 2023, BV Investment Partners raised a continuation fund to maintain control of Right Networks, securing additional capital to support the company's growth initiatives and expansion strategy. Private Equity Insights

• Current Status: Right Networks remains under the ownership of BV Investment Partners, continuing to provide cloud solutions to the accounting industry. Boston Ventures

🔹 Other Key Vendors in the Accounting Industry Under Private Equity Ownership

• Sage Intacct: Sage Intacct, a provider of cloud-based financial management software, has partnered with private equity firms to deliver consistency, service, and value to portfolio companies, driving top-line and EBITDA growth.