TA Associates has agreed to acquire a majority stake in PairSoft, a provider of procure-to-pay automation and payment software.

The growth investment will support product innovation and global expansion.

PairSoft serves mid-market and enterprise customers with AI-driven solutions covering accounts payable, procurement, payments, and document management. Its software integrates with ERP platforms including Oracle, NetSuite, Microsoft Dynamics, Blackbaud, and Sage Intacct.

The transaction will see existing investor Turn/River Capital fully exit its position. PairSoft will continue to operate independently as part of TA’s portfolio.

Matt Cotter, chief executive of PairSoft, said: “This investment from TA marks yet another major milestone in PairSoft’s incredible growth timeline.”

Harry Taylor, managing director at TA, said finance teams increasingly require “solutions that combine AI-based intelligent automation, seamless ERP integration, and payment functionality.”

PairSoft serves more than 1,500 customers across North America and Europe. Financial terms of the transaction were not disclosed.

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