Plano-based Qount, a developer of AI-powered practice management solutions software for public accounting firms, has received a $17 million funding round led by Savant Growth along with funding from its investment partner, Kennet Partners, and a “sizable co-investment” from the company’s new leadership team. In concert with the funding round, the company now has a new CEO, Peter Miele, and CMO, Greg Pope—both former Thomson Reuters executives.

Savant Growth is a data-driven private equity firm for capital-efficient B2B SaaS companies. The funding round will accelerate Qount’s growth and its investments in AI to continue automating practice management and service delivery workflows.

“Qount’s comprehensive suite delivers a must-have, high ROI by providing complete visibility to optimize how accounting firms are managed and to automate their service delivery workflows with AI,” Javier Rojas, managing partner of Savant Growth, said in a statement.

Qount co-founders Uday Koorella (left) and Phani Ilapakurty [Photos: LinkedIn/Mueller dotKonnect]

Qount’s cloud-based, AI-driven platform is a critical practice management solution, empowering accountants, tax professionals, auditors, and bookkeepers to streamline operations.

Qount said it combines tools traditionally only available separately into one holistic solution that includes CRM, onboarding, internal and client collaboration, document management, tasks, workflows, e-signatures, payments and billing, project tracking, and more.

The company said its comprehensive, sentiment-driven AI solution is designed to enhance “every aspect of a firm’s operations.”

By automating digital work units and optimizing core processes, Qount said it enables accounting firms to achieve unprecedented efficiency, while empowering accountants to focus on higher-value work.

Qount gets new CEO, CMO

Savant Growth said it partnered with Qount founders, Uday Koorella and Phani Ilapakurty, not only to develop the company’s applied AI go-to-market strategy but also in assembling a C-level leadership team.

Peter Miele has been appointed as CEO of Qount, bringing two decades of experience growing & scaling a SaaS business in tax and accounting space. Miele was vice president of sales at SurePrep, which is a leading tax automation software & services solution valued at $500M when it was acquired by Thomson Reuters.

The company said that Miele is poised to lead Qount into its next phase of innovation and market expansion, driving operational excellence, accelerating growth, and delivering exceptional value to clients.

“The future of accounting is about technology that empowers professionals and transforms how firms operate, adapt, and grow,” Miele said in a statement.

Greg Pope, former SurePrep vice president of marketing, has been named Qount CMO. Pope brings more than 25 years of experience in the tax and accounting industry. The company said his leadership in digital marketing, brand development, and customer engagement will be instrumental in enhancing Qount’s position as best-of-breed in the industry.

“Our investment in Qount aligns with Savant Growth’s commitment to partnering with founder-led, B2B SaaS companies that leverage AI to drive transformative change across industries,” Olivier Verhage, principal of Savant, said in a statement. “Qount is uniquely poised to disrupt the accounting and tax sector, solidifying the company’s market leadership.”

As part of the investment, Rojas, Verhage, and Miele will join the company’s board of directors.

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