Hiline Acquires New York Accounting Agency Calculate

Hiline, a supplier of financial-operations-as-a-service that helps enterprise shoppers handle threat, enhance outcomes, and make higher selections, has acquired Calculate, a New York-based outsourced accounting and finance agency centered on serving rising firms. This acquisition strengthens Hiline’s place available in the market and expands its choices to raised serve its rising roster of shoppers.

As a part of Hiline’s dedication to offering a complete suite of economic options to small and midsize companies, start-ups, and nonprofits, this acquisition will intention to additional drive innovation in Hiline’s main know-how options and ship distinctive worth to its shoppers by means of broadened trade and monetary experience. Hiline will meaningfully bolster its service portfolio by means of the mix of further expertise and know-how whereas additionally materially increasing its consumer base and geographic presence. 

“We’re sending a transparent sign to the market concerning the rising want for outsourced monetary operations. As companies navigate difficult headwinds comparable to rising charges and a extra conservative fundraising atmosphere, the demand for outsourced providers and fractionalized monetary assist is obvious. Excessive-growth firms can now develop effectively with out the time and price of constructing an in-house finance group,” stated Hiline Co-Founder and CEO, Matt Gardner. “Merging Calculate with Hiline strengthens our established place as we proceed to problem the standard accounting agency mannequin as a financial-operations-as-a-service providing. By combining forces, Hiline now stands among the many prime corporations within the house, positioning us with an expanded suite of providers and a broader market attain.”

This strategic transfer considerably enhances Hiline’s capabilities, notably by retaining Calculate’s proficient and tenured group, composed of high-level finance expertise with backgrounds from main monetary establishments and accounting corporations. Via leveraging Calculate’s experience, at the side of Hiline’s present group, know-how, and complete providers throughout accounting, finance, tax, human sources, and payroll, Hiline will considerably scale its operations and strengthen its CFO and FP&A-led advisory providers. 

“Collectively, we’ll intention to additional empower founders and administration groups with insights and monetary readability that scale to satisfy the varied wants of right this moment’s high-growth firms,” stated Alison Cuzzolino of Calculate’s government group and is assuming the place of VP of Operations at Hiline. “Matt’s management and imaginative and prescient mirror our shared dedication to assist fashionable firms make higher, extra well timed selections by means of a mix of know-how options and human experience.”

This acquisition comes on the heels of a powerful yr for Hiline, together with an funding by Purple Iron Group in September. 

“Calculate has constructed an excellent group of pros centered on delivering differentiated worth to their clients. We’re excited to see the Hiline and Calculate groups mix as an necessary step in increasing the sources and capabilities that distinguish Hiline on this market. We’re proud to proceed our partnership with Matt and your complete group,” stated Ben Bisconti, Co-CEO of Purple Iron Group.