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Hg Capital-backed Caseware acquires LeaseJava
The purchase of LeaseJava marks Caseware’s eighth acquisition since Hg Capital acquired majority ownership of the company in late 2020.
9 January 2025
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Aayush Sood
Caseware is a Toronto-based provider of cloud-enabled solutions for audit, assurance, financial reporting and data analytics for accounting businesses, corporations and government regulators
Headquartered in London, Hg invests in European and transatlantic software and services businesses
Caseware, a portfolio company of Hg Capital, has acquired LeaseJava, a software-as-a-service solution designed and developed by leasing standards experts.
No financial terms were disclosed.
The purchase of LeaseJava marks Caseware’s eighth acquisition since Hg Capital acquired majority ownership of the company in late 2020.
On the deal, David Osborne, CEO of Caseware said in a statement, “With accounting standards requiring detailed lease reporting, LeaseJava helps auditors ensure that companies are fully compliant. We are proud to partner with Michael Cheng, a respected and visionary leader in the world of audit who conceptualized the LeaseJava solution.”
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Headquartered in Atlanta, Georgia, cloud-based LeaseJava enables audit businesses, corporations and non-profit/government entities to manage their leases and ensure compliance with accounting standards, such as ASC 842, IFRS 16 and GASB 87. These standards were published by the Financial Accounting Standards Board, the International Accounting Standards Board and Governmental Accounting Standards Board, respectively.
Caseware is a Toronto-based provider of cloud-enabled solutions for audit, assurance, financial reporting and data analytics for accounting businesses, corporations and government regulators.
Headquartered in London, Hg invests in European and transatlantic software and services businesses.
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