Bluff Point Associates Swizznet Receives Majority Investment from Bluff Point Associates
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 on its investments and gives their portfolio companies the chance to reach their full potential
For more information, please visit the Bluff Point Associates website.
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 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.
For more information, please visit the Swizznet website.
Madison Park Group is pleased to announce that its client, Bluff Point Associates (BPA), has partnered with the management team of Swizznet, a premier hosting solutions provider for QuickBooks, Sage and tax accounting software, in a majority recapitalization. This marks the second transaction on which MPG has advised the BPA team and its portfolio companies since the beginning of 2018.
MPG's Christian Vansant, John Gooden, and Dave Hanrahan advised Bluff Point Associates on the transaction. Christian commented:
“BPA is a private equity firm with a wealth of operating and investing experience and they successfully brought those two perspectives to the Swizznet transaction. BPA’s domain expertise in both cloud-based IT services and financial technology in addition to their ability to relate with the Swizznet management team were critical differentiators to making this transaction happen. We congratulate both BPA and the Swizznet team on a successful partnership and look forward to helping the business flourish in the future.”