Framingham financial software firm acquired by Texas venture equity
Photo | Courtesy of Centage
Centage president & CEO Peter Messana
Centage, a Framingham-based financial planning and analysis software company, was acquired by Scaleworks, a San-Antonio venture equity firm. Tech veteran Peter Messana will replace John Murdock as president & CEO.
"This is an exciting acquisition for Scaleworks and an excellent addition to our portfolio. Centage provides a modern, sophisticated yet readily accessible FP&A solution to its customers and has an excellent foundation to build upon," Ed Byrne, general partner of Scaleworks, said in an April 26 press release from Centage. "We look forward to working alongside the Centage team and its CEO Peter Messana in this next phase of the company's expansion."
Terms of the transaction were not disclosed.
The acquisition will have no effect on the current workforce, according to an emailed statement from Messana. Employees of the company work remotely across the country.
Messana previously served as CEO of Colorado-based ecommerce software firm Searchspring, which was acquired by Scaleworks in 2021.
Centage was founded in 2001, according to the company’s LinkedIn page. It has raised $24 million in funding over the years, according to Crunchbase. In 2017, the company’s President and CEO Barry Clapp died at 66. Clapp oversaw a period of rapid growth, according to a 2017 press release from Centage. Murdock took over as president and CEO after interim CEO Ken Marshall.
WBJ Web Partners
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