Springbrook Software Completes Acquisition of BIAS Software

Acquisition Deepens Springbrook's Market Leadership in the Pacific Northwest
PRNewswireJanuary 16, 20204 min

Springbrook, a leading provider of fully integrated, cloud-based ERP and payments software for local governments, today announced that it has completed the acquisition of BIAS Software, an innovativeĀ Washington-based provider of cloud-based accounting software for local public agencies. This transaction marks Springbrook’s first add-on acquisition since becoming a portfolio company of Accel-KKR, a leading Silicon Valley-based technology-focused investment firm.

BIAS Software provides a fully integrated financial management system for local governments including financial budgeting and reporting, payroll management, fixed asset management, cash receipting and a citizen-facing Utility Billing solution. The company’s BIAS Software’s Core Suite, BARSFUND, and all BIAS suites of applications are built on OCBOA financial reporting principles favored by many local agencies and special districts for its simplicity and transparency.

“BIAS is well-recognized and trusted among local agencies and special districts inĀ WashingtonĀ for its powerful and easy-to-use financial software solutions, and its client partnership culture,” said Max Schnoedl, Springbrook’s CEO. “Since becoming an independent company singularly focused on serving local governments, we continue to look for ways to add value to our customers. We see tremendous synergy in building on BIAS’s expertise in OCBOA-compliant financial administration software and to deepen Springbrook’s market leadership position in the U.S. Pacific Northwest region in partnership with BIAS co-foundersĀ Mark FelchlinĀ andĀ Wes Hein.”

“At its core, BIAS was founded to serve the needs of local governments and that focus hasn’t changed in nearly three decades,” said BIAS co-foundersĀ Mark FelchlinĀ andĀ Wes Hein. “Like the several hundreds of small agencies and special districts that we work with inĀ Washington, local governments provide the essential services ā€“ including public safety, health and human services, public works, transportation and infrastructure ā€“ that we all depend on every day. Now as part of the Springbrook family, we are excited about the prospect of helping more agencies in the Pacific Northwest region do the same.”


Leave a Reply

Your email address will not be published.


We are one of the worldā€™s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications

FintecBuzz, 2024 Ā© All Rights Reserved