CFO Services Case Study
PTX Tech
The company needed capital and control; the outcome was triple-digit growth and a successful acquisition.
“We were always steered in the direction that best fit us and our company vision”
Overview
PTX Tech is a property tax data and software firm specializing in the collection, standardization, and delivery of assessment and tax bill data across thousands of U.S. jurisdictions. Their technology helps clients manage property tax records, ensure accurate payments, and benchmark values across counties to bring efficiency and insight to a historically manual process.
As the company gained traction, leadership knew they needed more than just strong product-market fit. They needed capital to scale, strategic financial guidance to support expansion, and a way to build infrastructure without overwhelming costs by adding full-time headcount.
They turned to TechCXO for fractional executives with full-strength expertise.
Challenges
PTX Tech needed:
- Functional and strategic finance leadership without the burden and delays of full-time overhead
- Infrastructure to support rapid growth while keeping operations lean
- Outside capital to fund investments in technology and sales
With limited internal resources and a lean early-stage team, building a credible, investor-ready finance function was both essential and urgent. And challenging.
Goals
To scale effectively and prepare for long-term value creation, PTX Tech needed to:
- Establish a finance and accounting foundation that could support rapid growth
- Raise capital without diluting ownership or losing control
- Build a clear financial narrative for future strategic buyers
Solutions
TechCXO acted as PTX Tech’s outsourced finance and accounting department for over three years. Led by fractional CFO Jason Scherr, the team implemented scalable systems, developed forward-looking models, and brought operational discipline to financial planning.
Key initiatives included:
- Deploying best practice processes and methodologies to professionalize finance operations
- Supporting triple-digit revenue growth with lean, efficient financial infrastructure
- Sourcing minimally dilutive outside capital through a network of high-net-worth individuals
As Fractional CFO, Jason Scherr provided the capital strategy and operational leadership that helped PTX Tech scale smartly and exit successfully.
Fractional CFO
Jason served as the lead TechCXO finance partner, guiding financial planning, capital sourcing, and M&A readiness from early-stage growth through acquisition.
Outcome
PTX Tech experienced triple-digit revenue growth and built the financial and operational credibility needed to attract strategic interest.
Ultimately, PTX Tech was acquired by Ryan, a global tax services and software provider. The deal validated the strength of PTX’s platform and positioned the company for continued impact at scale.
From lean leadership...
With fractional finance expertise and efficient systems in place, PTX Tech grew rapidly while maintaining capital discipline and operational clarity.
...to full-scale acquisition
TechCXO’s partnership helped PTX Tech build value, tell a credible financial story, and achieve a successful strategic exit to a global market leader.
“TechCXO was a key business partner for PTX Tech from its early days up through our successful exit. From capital sourcing to expansion strategy to financial planning, we leaned on Jason and his team for their expert guidance. We were always steered in the direction that best fit us and our company vision.”
- Stephen Wicks CEO
