Hiline, a provider of financial-operations-as-a-service that helps business clients manage risk, improve outcomes, and make better decisions, has acquired Calculate, a New York-based outsourced accounting and finance firm focused on serving emerging companies. This acquisition strengthens Hiline’s position in the market and expands its offerings to better serve its growing roster of clients.

As part of Hiline’s commitment to providing a comprehensive suite of financial solutions to small and midsize businesses, start-ups, and nonprofits, this acquisition will aim to further drive innovation in Hiline’s leading technology solutions and deliver exceptional value to its clients through broadened industry and financial expertise. Hiline will meaningfully bolster its service portfolio through the combination of additional talent and technology while also materially expanding its client base and geographic presence. 

“We’re sending a clear signal to the market about the growing need for outsourced financial operations. As businesses navigate challenging headwinds such as rising rates and a more conservative fundraising environment, the demand for outsourced services and fractionalized financial support is evident. High-growth companies can now grow efficiently without the time and cost of building an in-house finance team,” said Hiline Co-Founder and CEO, Matt Gardner. “Merging Calculate with Hiline strengthens our established position as we continue to challenge the traditional accounting firm model as a financial-operations-as-a-service offering. By combining forces, Hiline now stands among the top firms in the space, positioning us with an expanded suite of services and a broader market reach.”