Prophix is a Canadian software company. It develops corporate performance management (CPM) and financial performance management software used for financial planning, budgeting, forecasting, reporting and financial consolidation. In January 2021, British private equity firm Hg Capital acquired a majority stake in the company.
History
Prophix was founded in Canada in 1987 by Paul Barber. The company initially operated as a software distributor before developing its own corporate performance management software. By the mid-2000s, it had increasingly focused on software for mid-sized organizations.
In 2016, Prophix began transitioning from primarily on-premises software to cloud-based subscriptions. In 2019, the company was forecasting annual revenue of approximately US$50 million, while recurring revenue had been growing by more than 45 percent annually following the transition to cloud delivery.
In January 2021, Hg acquired a majority stake in Prophix. The transaction valued the company at approximately to US$600 million. At the time, Prophix reported more than US$50 million in revenue for 2020.
In October 2021, Prophix acquired Sigma Conso, a Brussels-based developer of financial consolidation and management reporting software.
In February 2024, Aaron Levine became chief financial officer, succeeding Ryan Van Hatten, who moved to the position of chief operating officer.
In 2025, Prophix expanded through acquisitions in Australia and Brazil. It acquired Australian financial analytics company Forest Grove, followed by Brazilian financial management software company AllStrategy, which develops software for budgeting and cash-flow management.
Technology Prophix One is a cloud-based software as a service platform hosted on Amazon Web Services. It provides functions for financial planning, budgeting and forecasting, reporting and analytics, financial consolidation and close, and account reconciliation.
In April 2025, Prophix introduced Prophix One Intelligence, an artificial intelligence engine integrated into the Prophix One platform. In 2026, Prophix was developing agent-based functions for financial workflows, including budgeting and financial planning.
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