About Lockstep
Lockstep is a Technology company based in Seattle (United States) founded in 2019 by Vivek A G, and was acquired by Sage Group in August 2022. Cloud-based workflow solutions are provided for accounting firms management needs. Lockstep has completed 1 acquisition, including Finly. Lockstep offers products and services including AR Automation, Sage Inbox, Self Service, and Sage Network API. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Account Payables & Receivables. Its competitors include Melio, Lili and Settle; 3 of its 3 listed competitors have raised funding.
Company details
Lockstep was founded in 2019 in Seattle, United States, focusing on the accounting software sector. Cloud-based tools for workflow and business management are delivered to accounting firms. Key offerings include Inbox for handling conversational emails with vendors and clients, Collect for automating accounts receivable and payments, and an API for integrating accounting and ERP systems. Operations emphasize streamlined communication and financial processes.
- Headquarters Seattle, United States
- Founders Vivek A G
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website lockstep.io
- Social LinkedIn X Facebook
- Acquired by Sage Group (Aug 2022)
- Investors
- Investments & Acquisitions
- Acquired bySage Group
(Aug 2022)
Products & Services of Lockstep
Lockstep offers a comprehensive portfolio of products and services, including AR Automation, Sage Inbox, Self Service, and Sage Network API.
Manages customer collections to reduce DSO and increase cash flow.
Automates customer and vendor workflows in a shared inbox.
Provides real-time access to invoices and transaction history.
Enables integration for finance and accounting tasks.
Investors in Lockstep
Lockstep has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sage Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based accounting and payroll solutions for small and medium businesses | 1981 | sage.com | United States |
Investor details for Lockstep
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People of Lockstep
65 people are tracked at Lockstep (18 in leadership, 47 in team).
| Name | Role | Group |
|---|---|---|
Vivek A G | Co-Founder | Leadership |
Eric Moore | VP of Sales | Leadership |
Chip Greer | Chief Commercial Officer | Leadership |
Tommy Newland | Director of Web and Design | Leadership |
Khushboo P. | Head of Marketing & Demand Generation | Leadership |
Ruchit Shah | Head Of Implementation and Customer Success | Leadership |
Andy C. | VP of Engineering | Leadership |
Sarthak Mohanty | Head - Customer Success (APAC) | Leadership |
Aditi Bhatnagar | Director of Engineering | Leadership |
Bruce Johnson | Director of CS Engineering at Lockstep | Leadership |
Alex Fawcett | Sr Director, Developer Evangelism | Leadership |
James Grady | Product Content Director | Leadership |
Jonatan Saine | Senior Director, Product Design & Research | Leadership |
Doug Yearick | Director Of Sales And Partnerships | Leadership |
Mudassar Shaikh | Head Of Engineering | Leadership |
Ryan Steigerwald | Sr. Director, Channels | Leadership |
Whittney Gilstrap | Marketing Director | Leadership |
Angie S. | Director, Customer Success (and Operations) | Leadership |
Satyam Kumar | Product Engineer 2 | Team |
Pramod A R | Software Engineer | Team |
45 more people are available in the full profile.
Complete people profiles for Lockstep
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Investments & Acquisitions by Lockstep
Lockstep has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Finly.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based accounts payable automation is delivered for business expense management. | finly.io | Bengaluru, India | 2015 | Aug 2021 | •••• |
Complete acquisition details for Lockstep
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Timeline of Lockstep
3 dated milestones of Lockstep across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Lockstep is founded.
- Acquisition Acquires Finly.
- Exit Acquired by Sage Group.
Competitors of Lockstep
Lockstep has 3 listed competitors in our database, 3 of them funded. They include Melio, Lili and Settle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| melio.tech | 2018 | Santa Clara, United States | $4.25M | Blood-based pathogen detection devices are manufactured for healthcare applications. | ||
| lili.co | 2018 | New York, United States | $80M | Digital banking services are offered to freelancers. | ||
| settle.com | 2019 | San Francisco, United States | $91M | Cloud-based cash flow management is provided for payers and vendors. |
Detailed competitors of Lockstep
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Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Lockstep (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Lockstep
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Frequently Asked Questions about Lockstep
Lockstep was founded in 2019.
Lockstep is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Lockstep was founded in 2019 in Seattle, United States, focusing on the accounting software sector. Cloud-based tools for workflow and business management are delivered to accounting firms. Key offerings include Inbox for handling conversational emails with vendors and clients, Collect for automating accounts receivable and payments, and an API for integrating accounting and ERP systems. Operations emphasize streamlined communication and financial processes.
Lockstep offers AR Automation, Sage Inbox, Self Service, and Sage Network API.
Lockstep has made 1 acquisition, including Finly.
Lockstep has 1 investor. Key investors include Sage Group.
Yes. Lockstep was acquired by Sage Group in August 2022.