PairSoft has received a majority growth investment from global private equity firm TA Associates, with existing investor Turn/River Capital fully exiting its stake. The new capital will help accelerate PairSoft’s product roadmap and international expansion. Financial terms were not disclosed.
Turn/River Capital’s involvement with PairSoft goes back to early 2021, when Turn/River led a strategic investment connected to the merger that formed PairSoft itself. In January 2021, Turn/River made a private equity investment tied to the combination of PaperSave and Paramount WorkPlace into a single procure‑to‑pay (P2P) platform under the PairSoft name. That investment supported the creation of the unified business and provided growth capital as the combined entity expanded its footprint. At that time the investment acted as a foundational private equity backing for the newly formed company.
PairSoft’s platform integrates P2P automation, accounts payable processing, procurement and payments, with native ERP connections to systems including Oracle, NetSuite, Microsoft Dynamics, Blackbaud, and Sage Intacct. Over the years since Turn/River’s initial backing, the company expanded its product capabilities and customer base, serving more than 1,500 organizations globally.
CEO Matt Cotter framed the TA investment as a step toward scaling further, building on growth achieved during Turn/River’s ownership. For Turn/River, the original investment in PairSoft represented a growth‑oriented deal where Turn/River acted not just as a capital provider but as an operational partner during PairSoft’s early growth following the merger of the two prior companies. The exit to TA reflects a common lifecycle in private equity, where early growth investors sell stakes to larger growth investors once a company reaches a new scale.
