TA Associates has acquired a majority stake in PairSoft, a provider of procure-to-pay automation and payment software, to support its growth and global expansion initiatives.

Information on the Target

PairSoft is a leading provider of procure-to-pay automation and payment software designed for mid-market and enterprise customers. The company specializes in AI-driven solutions that streamline critical business processes such as accounts payable, procurement, payments, and document management. PairSoft's software seamlessly integrates with various ERP platforms including Oracle, NetSuite, Microsoft Dynamics, Blackbaud, and Sage Intacct, positioning it strongly in the market.

This growth investment from TA Associates is expected to enhance PairSoft's product innovation and facilitate the company's global expansion, allowing it to strengthen its footprint in the automation sector.

Industry Overview in the Target's Specific Country

The procure-to-pay automation industry is experiencing notable growth, driven by the increasing demand for efficiency and cost reduction in financial operations across various sectors