Flexi Software, a provider of specialised accounting software, has secured investment from Quality Standard.

The size of the investment was not disclosed, though it is said to be “strategic”.

This investment aims to bolster Flexi’s focus on product innovation and enhance its customer service.

Established in 1992, Flexi Software provides an enterprise accounting platform, which is stated to be flexible and can manage complex, multi-entity businesses.

Its strength lies in meeting stringent regulatory and reporting demands in core financial markets, with industry-specific functionality.

Beyond financial institutions, Flexi Software collaborates with technology vendors. These partnerships involve integrating Flexi’s accounting solutions into broader platforms, thereby serving millions of users worldwide, states the company.

Flexi claims it merges Fortune 500 capabilities with the personalised service of a smaller business.

Flexi co-founder Stefan R. Bothe said: “We were seeking a long-term home for the business and an investor committed to continuing Flexi’s growth for many years to come. We were pleased to find that with Quality Standard.”

In a leadership change, Bothe has retired from his roles as CEO and chairman of Flexi after 32 years at the helm.

Jason Gilliland, co-founder of Quality Standard, has now stepped in as the new CEO of Flexi.

Gilliland said: “Flexi is a special business, with differentiated technology and a unique customer-first culture. We’re in it for the long haul and excited to invest further in Flexi’s team and technology. We feel privileged to support Flexi’s mission of providing the best industry-specific accounting software to help our customers thrive.”