Total Synergy Secures Strategic Investment from M33 Growth & PSG

CHICAGO, LONDON and SYDNEY, Nov. 15, 2024 /PRNewswire/ -- Total Synergy, a leading provider of project management software for architecture and engineering practices, announced today that it has received a growth investment from two industry-leading growth equity firms - M33 Growth and PSG.

By adding resources to drive innovation, best practices, and reliability for Architecture and Engineering practices, this strategic investment helps Total Synergy accelerate its mission to be the backbone of successful architecture and engineering practices.

"We believe Total Synergy has industry-leading software," said Mike Anello, Co-founder and Managing Director at M33 Growth. "The platform drives significant value to its customers, and cleverly simplifies the complexity of practice operations. We believe that together we'll be able to accelerate Total Synergy's leadership in the A&E market."

Bill Skarinka, Managing Director at PSG, said: "With the A&E market growing and becoming more complex, firms are embracing new technologies to drive efficiency and effectiveness as they look to improve project profitability. Total Synergy's high-quality software can catalyze this change in the market for years to come. We're excited to bring our experience in supporting high-growth companies and help Total Synergy expand its market presence and influence."

Founded in 1999 by Scott Osborne, the company has been a leader in the A&E market. Under Osborne's leadership, the company has become one of the cornerstones for many practices around the globe.

The new investment comes as Total Synergy welcomes Kane Hochster as its newly appointed CEO. Hochster brings years of experience leading growing software organizations and a passion for building solutions that create real impact for customers.

"Stepping in as CEO at this moment is especially meaningful to me," Hochster said. "I am excited not only by the incredible opportunity to grow Total Synergy's presence and capabilities but also by the chance to build a successful team dedicated to serving architects and engineers."