Black Mountain Software Acquires Fiscalsoft
Black Mountain Software, a leading provider of accounting and billing software for local government organizations, today announced the acquisition of Fiscalsoft, a market leader in Kentucky of accounting and payroll software solutions for local governments.
This strategic move will not only expand Black Mountain Software's portfolio of local government ERP solutions but also mark its entry into a new state where Fiscalsoft has established a strong market presence.
Fiscalsoft has earned a sterling reputation for its comprehensive and user-friendly software solutions, specifically designed to meet the unique needs of local government entities. With a robust client base and suite of applications, Fiscalsoft brings invaluable expertise and solutions to Black Mountain Software.
We are thrilled to welcome Fiscalsoft to the Black Mountain Software family.
This acquisition reinforces our commitment to empowering local government organizations with the tools they need to thrive in today's ever-evolving landscape. By combining Fiscalsoft's expertise with our own, we are poised to deliver even more powerful and tailored solutions to our customers all across the country.
Mike Fabrizio
Co-CEO of Black Mountain Software
Ryan Smith, President of Fiscalsoft, expressed enthusiasm about the acquisition, stating, "Joining forces with Black Mountain represents an exciting new chapter for Fiscalsoft and our clients. We are confident that this partnership will enable us to accelerate innovation, expand our reach, and better serve the evolving needs of local governments across the region. Together, we will continue to deliver the exceptional solutions and personalized support that our customers have come to expect."
Black Mountain partnered with private equity firm Peterson Partners in 2022 to help accelerate product expansion and innovation, as well as grow beyond current geographies. Together with Peterson, Black Mountain is focused on strategies to continue growth and better serve small to medium-sized local governments. This is the second acquisition the company has announced in 2024.
For more information about Black Mountain Software and Fiscalsoft, visit:
Peterson Partners is an independent investment firm with more than $2.0 billion under management across Private Equity, Venture Capital, and Search strategies. To learn more about Peterson Partners, please visit www.petersonpartners.com.
The portfolio companies identified and described herein do not represent all of the portfolio companies purchased, sold or recommended for funds advised by Peterson Private Equity. A full list is available upon request. The reader should not assume that an investment in the portfolio companies identified was or will be profitable. Past performance is not indicative of future results. AUM indicated is as of 12/31/23. Portfolio company executives who provided their opinion above have not received any compensation for this feedback. This press release is not a solicitation of an offer to purchase securities and may not be relied upon in connection with the purchase or sale of any security. Interests in the Peterson Funds, if offered, will only be made pursuant to a confidential offering memorandum and subscription documents.
