Consero Global LLC, a leader in Finance as a Service (FaaS), today announced that it has acquired BridgeView CFO Solutions, a San Francisco-based finance & accounting, HR, and business management firm. The combined company will have more than 800 employees serving over 150 clients nationwide and around the world.
The acquisition expands Consero’s suite of solutions to include HR and payroll services for its existing client base of institutional backed companies. And because BridgeView brings extensive expertise in finance & accounting solutions for financial services organizations including Private Equity & Venture Capital Firms and Hedge Funds, the deal will allow Consero to deliver its cutting-edge FaaS platform to those organizations as well as portfolio companies of some of those same firms.
“BridgeView is a leader in outsourced accounting and business services for the financial services industry, which is why we’re excited to welcome them into the Consero family,” said Scott Tynes, CEO of Consero. “Not only will their expertise and solutions complement and expand our offerings to clients, but as a combined firm, we’ll be able to reach even more mid-level companies that need professionalized finance and accounting support.”
“Consero’s innovative integrated software platform, including their SIMPL® financial management console, will provide our investment management clients with valuable clarity and financial insights into their firms,” said Diana McDonough, President of BridgeView CFO Solutions. “Our common vision of supporting clients so they can stop worrying about finances and instead focus on building their business is perfectly aligned. BridgeView and Consero also share an important goal in promoting a collaborative and engaging corporate culture.”
“Our firms’ shared technology and vision for delivering results and financial transparency for clients complement each other perfectly,” said Bill Klein, President of Consero Global. “Not only will this allow us to offer more solutions to a wider client base, but this deal fits perfectly into our growth plan of developing additional client services via both organic and inorganic means.”
About Consero Global
Founded in 2006—by Scott Tynes, Bill Klein, and Kiran Jagannath—Consero Global disrupts the way businesses build and maintain their finance and accounting function. Through a cloud-based platform, Consero delivers the financial clarity and efficiency needed to drive a business forward. Strategic CFOs are adopting Consero’s cutting-edge Finance as a Service model to free up time and understand how the business is performing. Serving more than 130 clients and their portfolio companies, Consero provides the control and insight needed to steer businesses toward success. Contact Consero Global for more information about gaining greater control of your financial operations. More info at www.conseroglobal.com.
About BridgeView CFO Solutions
BridgeView CFO Solutions provides accounting, business consulting and administration services to firms focused on investment and financial management. With expertise in this industry and a variety of interconnected cloud based accounting solutions in place, BridgeView CFO’s services encompass everything it takes to keep your business running seamlessly in the background, allowing entrepreneurs to focus on their priorities. We take the “business of the business” off your plate so you can focus on the “business of the product”. More info at www.bridgeviewcfo.com.