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.”
News Source: Business Wire