Savant Growth (a data-driven private equity firm for capital-efficient B2B SaaS companies) and Qount (a developer of AI-based practice management software solutions for public accounting firms) announced a $17 million round led by Savant Growth, with funding from its investment partner, Kennet Partners with a sizable co-investment from the new leadership team.
This funding round will advance Qount’s growth and its investments in AI to continue automating practice management and service delivery workflows.
Qount’s cloud-based and AI-based platform is a critical practice management solution, empowering accountants, tax professionals, auditors, and bookkeepers to streamline operations. And Qount combines tools traditionally only available separately into one holistic solution that includes CRM, onboarding, internal and client collaboration, document management, tasks, workflows, e-signatures, payments and billing, project tracking, etc.
Savant Growth is working with Qount founders, Uday Koorella and Phani Ilapakurty to develop the company’s applied AI go-to-market strategy and to assemble a C-level leadership team with an excellent pedigree.
Peter Miele was named CEO of Qount. He brings two decades of experience growing and scaling a SaaS business in the tax and accounting space. Peter was the VP of Sales at SurePrep, a leading tax automation software and services solution valued at $500 million when it was acquired by Thomson Reuters. Pete is prepared to lead Qount into its next phase of innovation and market expansion, driving operational excellence, accelerating growth, and delivering exceptional value to clients.
Qount’s comprehensive and sentiment-driven AI solution is designed to enhance every aspect of a firm’s operations. And by automating digital work units and optimizing core processes, Qount helps accounting firms achieve unprecedented efficiency, while also empowering accountants to focus on higher-value work.
Greg Pope, the former SurePrep Vice President of Marketing has been named Qount CMO. With 25+ years of experience in the tax and accounting industry, Greg’s leadership in digital marketing, brand development, and customer engagement will be instrumental in enhancing Qount’s position as best-of-breed in the industry.
In connection with the funding, Javier Rojas, Managing Partner and Olivier Verhage, Principal of Savant Growth; and new CEO of Qount, Peter Miele, will join the company’s Board of Directors.
KEY QUOTES:
“Qount’s comprehensive suite delivers a must-have, high ROI by providing complete visibility to optimize how accounting firms are managed and to automate their service delivery workflows with AI.”
- Javier Rojas, Managing Partner of Savant Growth
“The future of accounting is about technology that empowers professionals and transforms how firms operate, adapt, and grow.”
- Peter Miele, Qount CEO
“Our investment in Qount aligns with Savant Growth’s commitment to partnering with founder-led, B2B SaaS companies that leverage AI to drive transformative change across industries. Qount is uniquely poised to disrupt the accounting and tax sector, solidifying the company’s market leadership.”
• ⁃ Olivier Verhage, Principal of Savant
