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Companies

Case Study:

Trintech

“Summit has been the right partner at the right time for Trintech as we’re working to accelerate our growth and seeking to capture the significant potential of our market.”

Teresa Mackintosh, Trintech

Teresa Mackintosh, CEO

Trintech
 
www.trintech.com
Location:
Addison, TX
Leadership:

Teresa Mackintosh

Founded in:
1993
invested in:
2017
Status:

Current

Summit Team:
Scott R. Ferguson C.J. Fitzgerald Peter L. Rottier
Case Study:

Trintech

Cloud-based Record-to-Report (R2R) software solutions

A leading global provider of integrated Record to Report software solutions for the office of finance

Serves more than 3,500 clients and 300,000+ users worldwide, including majority of the Fortune 100

Grew overall revenues more than 70% and recurring revenues more than 85% since Summit’s investment

Trintech is a leading global provider of integrated Record to Report software solutions that are helping to transform the finance and accounting operations of large enterprises and mid-sized companies around the world. Under the leadership of CEO Teresa Mackintosh, who joined Trintech in 2016, the company has been on a strong growth trajectory as corporate financial functions increasingly seek solutions to automate key financial processes, improve efficiency, manage regulatory complexity and reduce risk. Trintech sought an experienced growth-focused investment partner to help build on the company’s momentum, and we believe chose Summit based on our extensive experience in the application software sector and in growing enterprise-class SaaS businesses.

How Summit Helped

  • Led a majority recapitalization in 2017
  • Engaged Summit’s Peak Performance Group to support mid-market product launch strategy, including market sizing, sales force effectiveness and digital marketing initiatives
  • Collaborated closely with management to develop and define an opportunistic M&A strategy to broaden product capabilities and extend market reach; actively working alongside management to identify opportunities
  • Assisted in expanding executive management team, engaging Summit’s Talent and Recruiting Team to help recruit a Chief Financial Officer and Chief Revenue Officer
  • Identified and introduced a key channel partner to support new customer growth in Europe

Trintech continues to scale and innovate, with new product enhancements designed to enable customers to leverage emerging technologies including Risk Intelligent RPA™, ERP Bots and Artificial Intelligence, to bring automation and intelligence to their financial close processes. Over 3,500 clients worldwide, with over 300,000 users – including the majority of the Fortune 100 – rely on Trintech’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

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Growth Equity for Exceptional Companies
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