Pfingsten Launches Ascend Platform

Chicago, IL – May 22, 2024 – Pfingsten announces its latest platform investment, AscendERP Solutions (“Ascend”), with investments in Rand Group Solutions, LLC (“Rand Group”) and Maxerp, LLC dba MicroAccounting (“MicroAccounting”). nbsp;Ascend provides AI-enabled cloud ERP and CRM solutions built on business application platforms from Microsoft, Sage and NetSuite.nbsp; Ascend delivers implementation, support and consulting services that automate and optimize business processes. It generates recurring revenue from software licensing and contracted service and support.

Headquartered in Houston, Rand Group will lead Ascend’s operations in the Microsoft and NetSuite ecosystems. Rand Group supports middle market customers in a broad range of industries including professional and financial services, oil and gas and wholesale distribution and manufacturing.

Headquartered in Dallas, MicroAccounting will lead Ascend’s operations in the Sage ecosystem, including Sage Intacct.nbsp; MicroAccounting supports middle market customers in a broad range of industries including wholesale distribution and manufacturing, business services, restaurant and retail.

“We are thrilled to launch the Ascend platform and deliver expanded service to leading customers driving systems efficiency and optimization,” said Patrick Sturm, Principal at Pfingsten. nbsp;“We look forward to deepening Ascend’s service offering with organic investment and add-on acquisitions.”nbsp;

Management from Rand Group and MicroAccounting have made significant investment alongside Pfingsten. “Pfingsten is the ideal partner to build a leading, diversified ERP, CRM and workflow enablement platform leveraging cloud and AI-enabled solutions,” said CEO, Ron Rand. “Pfingsten’s professionalism, industry conviction and dedication to the growth of our team and customer base will create outstanding opportunities,” added Bill Harris, President.

Pfingsten invested in Ascend in April 2024 after actively targeting a new platform in ERP enablement. For more information on Rand Group, visit randgroup.com. For more information on MicroAccounting, visit microaccounting.com.

About Pfingsten

Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth. Since completing its first investment in 1991, Pfingsten has raised six investment funds with total commitments of approximately $1.8 billion and has acquired 171 manufacturing, distribution and business services companies. For more information, visit pfingsten.com.