What is Practical Software Solutions?
Established in 1993 in Concord, N.C., Practical Software Solutions is a seasoned provider of industry-specific expertise across accounting, manufacturing, distribution, service management, and professional services. The company's core offering is centered around Sage, a leading business management solutions provider, positioning Practical Software Solutions as a key partner for businesses seeking integrated operational software.
How much funding has Practical Software Solutions raised?
Practical Software Solutions has raised a total of $498K across 2 funding rounds:
Debt
$150K
Debt
$348K
Debt (2020): $150K with participation from PPP
Debt (2021): $348K led by PPP
What's next for Practical Software Solutions?
The recent major strategic investment, following a pattern of debt financing, indicates a shift towards scaling operations and potentially expanding market reach for Practical Software Solutions. This late-stage funding context suggests the company is poised for significant growth, likely focusing on enhancing its product suite, increasing market penetration, and solidifying its position as a leader in business management software for its target industries.
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