Toronto, Canada, Jan. 14, 2021 (GLOBE NEWSWIRE) — FreshBooks, the #2 small business accounting software in America, with paying customers in 100+ countries, today announced the appointment of Don Epperson to Chief Executive Officer. Founder, Mike McDerment, currently serving as Chief Executive Officer, will continue as Chair of the Board and an active member of the executive team. These changes are effective immediately.

“Over the last 24 months, Don and I have built an incredible partnership. The next two years are on track to be FreshBooks’ best, in large part thanks to Don. I cannot imagine a better way to set FreshBooks up for continued success than appointing Don to Chief Executive Officer” said McDerment, who founded the company in his parents’ Toronto basement in 2004. McDerment has served as Chief Executive Officer since FreshBooks’ launch, scaling the company from a three-person startup averaging $99 USD monthly revenue, to its current position as an almost 500 person company with offices in five countries around the globe. Since founding, FreshBooks has served more than 30 million people, with its easy-to-use invoicing, time-tracking, expense management, and online payments features.