ATLANTA – PowerPlan Consultants Inc., maker of integrated budgeting, project, asset, depreciation, and tax management software for asset-intensive industries, has received a strategic investment in an undisclosed amount from funds managed by TPG Growth and JMI Equity.

The company sells its PowerPlant and PowerTax products to asset intense industries such as electric, gas, and water utilities, telecom and cable service providers, railroads, petrochemical and pipeline industries. PowerPlan has a growing client base oAtf over 130 organizations, including some of North America’s largest players in these industries.

It offers a full spectrum of software products and consulting services necessary to implement and maintain a fully-automated and cash flow optimized project management and asset accounting process for businesses with large, complex asset bases.

The firm says it will use the funds to expand into new verticals and its geographic reach.

The company was founded in 1994.

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Tags: asset intensive industries, Atlanta, PowerPlan Consultants, stategic investment