Private equity firms Aquiline Capital Partners and Level Equity have made a majority investment in DocuPhase, a Florida-based provider of accounting and finance process automation software, which is intended to drive organic growth and expand its product suite and vendor payments solution.
According to a press release, DocuPhase provides core software solutions across accounts payable automation, accounts receivable automation and document management.
In a statement, Joe Pappalardo, a Partner at Aquiline, said: “DocuPhase’s broad and robust suite of solutions drives real ROI for their customers and has helped drive the company’s strong growth and retention.”
Ben Levin, Co-Founder and CEO at Level Equity, added: “Level is excited to make another investment focused on the office of the CFO where we see consistent and continued product innovation driving real business value.”
Leonis Partners served as the exclusive financial advisor to DocuPhase in the transaction.
Source: Private Equity Wire
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