Avii, Provider of Unified SaaS Accounting Platform, Announces First External Funding from Blue Diamond Capital to Accelerate 2020 Growth
Company is Debt Free and Self-Funded more than $2.5M to Build and Establish Avii’s Unified Cloud Automation and Workflow Solution for Tax, Audit and Advisory
Avii, provider of the Avii Workspace™ unified SaaS platform for tax, audit, advisory, compliance and management consulting firms, has taken in its first external investment. The new infusion from Blue Diamond Capital LLC , of Provo, Utah, joins more than $2.5M in internal funding from operational profit. It will accelerate hiring of key marketing, sales and software development positions to support the company’s rapid growth during 2020. Amount and terms of the agreement were not disclosed.
Avii, Provider of Unified SaaS Accounting Platform, Announces First External Funding from Blue Diamond Capital to Accelerate 2020 Growth
Avii has a 19-year legacy of custom software development for several of the world’s largest accounting firms, including KPMG, and has powered audits and other accounting initiatives for Federal funds that pass through key national and state government organizations. Avii Workspace™ provides firms of all sizes with technology automation and other advantages formerly enjoyed only by the Big 4. Avii Workspace is especially geared to the vast market of more than 10,000 accounting practices that employ 20 or fewer Certified Public Accountants (CPA) and are most severely underserved by traditional accounting software offerings.
“Instead of a single point solution, we provide more than 20 software tools and solution sets in Avii Workspace that extend, interconnect or replace the deficiencies of existing accounting software systems across tax, audit and advisory practices of all sizes,” said Avii Co-Founder and CEO Lyle Ball. “Our investors and customers note that no other accounting software company has transformed multiple decades of institutional knowledge and a market-leading customer base into a vibrant, unified practice management platform at the level Avii has achieved.”
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