BIAS Software

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BIAS Software - overview

Established

1991

Location

Spokane, WA, US

Primary Industry

Software

About

BIAS Software specializes in providing comprehensive financial management solutions tailored for government entities, enhancing operational efficiency through an integrated suite of software products. Founded in 1991 in Spokane, US, BIAS Software delivers essential software solutions for local government operations. The company was acquired by Springbrook Holding Company, LLC, a portfolio company of Accel-KKR, in January 2020, although financial details of the deal remain undisclosed. Mark Felchlin, the founder, has a background in software solutions tailored to governmental needs.


BIAS Software's primary offering is Springbrook Express, an integrated software suite designed for smaller municipalities, water districts, fire departments, and special government districts. This platform supports multiple functions including finance management, utility billing, human resources, payroll, asset management, and payment processing, facilitating effective operational workflows for local government entities. The company has served hundreds of municipalities across the United States and North America for over 20 years. The revenue model for Springbrook Express operates on a subscription basis, targeting government agencies requiring advanced financial management solutions.


Clients typically engage in annual or multi-year contracts to access the platform, which includes services like utility billing and payroll processing, tailored to meet the specific operational demands of local governments. Following the acquisition in January 2020, BIAS Software aims to leverage new resources to enhance its product offerings. There are plans to introduce new features within the Springbrook Express suite, although specific release dates have not been disclosed. The company is also targeting expansion into additional markets across North America to better serve local government entities.


Funding from the recent acquisition will facilitate these initiatives, enabling BIAS Software to broaden its operational reach and enhance service delivery.


Current Investors

Springbrook Holding Company, LLC

Primary Industry

Software

Sub Industries

Accounting/Finance Software

Website

www.biasonline.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

BIAS Software - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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BIAS Software - employee data

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