Enterprise software provider jaggaer has added another privateequity backer, roughly three years after midmarket firm accel kkr took the company private. Portlands springbrook software is once again a standalone company thanks to an investment from private equity firm accel kkr. Founded in 2000, akkr is based in menlo park, california. Accelkkr llc is a private equity firm specializing in growth and middle market investments. The two companies came together to create a company specifically focused on buyouts and providing growth equity to tech and software companies. The firm invests in software and it enabled businesses wellpositioned for topline and bottomline growth. Team software announces strategic investment partnership. Accelkkr completes acquisition of insight mobile data. Accelkkr invests australia workforce software player. Together, we will be able to enhance our product strength and deliver unparalleled value to our customers, faster, said john leiferman, team software ceo. Accel kkr also invests across a wide range of transaction types including private company recapitalizations, divisional carveouts and goingprivate transactions.
Safeguard global secures growth equity investment from accelkkr. On center software is a leading provider of comprehensive takeoff, bid estimation, and labor tracking software for the construction industry. Accelkkr completes carveout acquisition of springbrook. Accelkkr backs software company vistex apex partners.
Springbrook develops cloudbased erp, financial accounting and utility billing solutions for government and private sectors. The company focuses on investing in midmarket software and technology enabled services firms. Deal with accelkkr makes portlands springbrook software. Accelkkr awarded investor of the year by american chamber. Model n model n is a software company focused on developing revenue management software for pharmaceutical and medical device companies. It will now become an independent company and part of the portfolio of accelkkr, a firm that invests in businesstobusiness software and has. Rhino fleet tracking completes majority interest sale to. The firm focuses on software and itenabled businesses, wellpositioned for topline and bottomline growth.
In 1983, accel was founded by arthur patterson and jim swartz. Accelkkr will provide capital and resources to enhance teams innovation. Accelkkr has invested 11 companies and its latest investment was springbrook holding company, llc in jan 2020. Accelkkr focuses on middlemarket companies, providing capital for. Woodlands software company gets new owner, pursues growth.
Mcvey outlines key macro investment themes that investors should consider for 2020 and beyond. Acco is part of one portfolio investment along with the crosby group. For almost two decades, accelkkr has been investing in midmarket software and technology enabled services firms with the goal of advancing the journey for our portfolio company management teams and their employees as well as our investors. Accel kkr company llc operates as a private equity firm.
Team software announces strategic investment partnership with. Accelkkr focuses on middlemarket companies and provides a broad range of capital solutions including buyout capital, minoritygrowth. Teams industryspecific solutions range from a complete enterprise software ecosystem to a rightsized workforce management toolset that connect key components of customers businesses. One personnel change of note is the fact leonard buzz, who founded on center software in 1988 and has been ceo overseeing technology design including development, production. Located in the woodlands, texas, the company s mission is to provide the technology foundation that enables aec companies to optimize profits across the. Accel kkr partners with management teams to accelerate organic growth.
Accela sells subsidiary springbrook to private equity firm. Team is excited to announce a strategic investment from accelkkr. For more information about on center software, visit. The woodlands, texas october 23, 20 on center software, the first name in construction automation, today announced that accel kkr has made an investment in the company to accelerate its growth. Accelkkr is an investment firm which provides investment solution to midmarket software and technologyenabled services firms. As a technologyfocused private equity firm, accel kkr believes there is substantial opportunity for expansion in software and services. On center software acquired by roper technologies accel kkr. News software for local govt springbrook an accela company. The firm offers acquisition financing, recapitalization, buyout, growth capital, and debt investment solutions. The investment will help facilitate the companys ongoing market growth and broaden its portfolio offering of solutions within the lifecycle of. The firm focuses on software and itenabled businesses wellpositioned for topline. Terms of the deal were not disclosed but accel kkr becomes the new. At the core of accel kkr s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the accel.
Accelkkr will provide capital and resources to enhance teams innovation engine, strengthen its technology offerings, and position the company for rapid market expansion and growth. Acco material handling solutions manufactures a full line of specialty material handling equipment including hoists, monorails, cranes, carts, and trailers. Now with accel kkr s clear focus and proven success in growing software companies, we are excited about the prospect of transforming our company in very strategic ways and scaling our solutions to. Accel kkr is headquartered in menlo park with additional offices in atlanta and london. As investors, accel kkr has a proven track record of acting quickly, being flexible and following through on its commitments once we identify businesses that have strong fundamentals in our targeted space. Theyre rolling up their sleeves, theyre in there with us. Was an associate on the private equity team working on majority and. The firm invests primarily in software and technologyenabled services businesses. As a technologyfocused private equity firm, accel kkr believes there is substantial opportunity for expansion in software and services in the construction industry, stated rob palumbo, managing director at accel kkr. On center announced partnership with accelkkr 2010. Accelkkr invests in nz software firm mining journal. Accel kkr has acquired portland, oregonbased springbrook software, a provider of finance and administration software provider for local government. Argyle, texas prweb january 29, 2020 track what matters, llc, dba rhino fleet tracking, an innovative provider of gps fleet management software and services, today announced that it has completed a majority interest sale of its company to accel kkr, a leading silicon valley based technologyfocused investment firm.
Padilla says accel kkr was a good fit for on center software, as the partnership will allow on center to maintain its identity and culture, while helping the company grow. The firm invests in software and it enabled businesses wellpositioned for topline and. Prnewswire team software, a leading provider of cloudbased technology. On tuesday, kana announced its fourth acquisition since its takeprivate, picking up call center software veteran ciboodle from sword group to bolster its agent desktop, business process management and social crm capabilities. Kkr joins accel to back forgerock new york business journal. On center software announces strategic equity partnership. As we become an independent business, we are excited to partner with accel kkr, which focuses on software and techenabled businesses, and has a nearly 20year track record in helping middle. As we become an independent business, we are excited to partner with accel kkr, which focuses on software and techenabled businesses. Duett receives majority growth investment from accelkkr. These are all the companies that accelkkr has invested in.
Software equity group served as exclusive financial advisor to insight mobile data on the transaction. Cendyn announces strategic follow on equity investment. Springbrook acquires small governmentfocused bias software. Accelkkr focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations, divisional carveouts and going private transactions. Loading portfolio data associated partners is a portfolio of wireless communications infrastructure companies. Texasbased on center software announced that accel kkr has made an investment in the company to accelerate its growth. Accelkkr completes carveout acquisition of springbrook software. Get a free employer account employer center post a job. Like team, accel kkr is a valuesbased organization that shares a passion for innovation and an intense focus on customer satisfaction and employee success, said jill davie, team software. Cinven buys stake in enterprise software provider jaggaer.
Its data on groupbuying and sales patterns might help accel kkr s portfolio companies. The firm seeks to invest in buyouts of divisions of larger companies, divisional carveouts, subsidiaries and business units or operating assets from public companies. As part of kkr s 2020 outlook, henry and his team also provide their updated views on global asset allocation, portfolio construction, and hedging, as well as major macro risks that could impact their. The firm invests primarily in software and itenabled businesses well positioned for topline and bottomline growth. Team software, of omaha, provides cloudbased technology solutions for. The company s solutions enable contractors to increase productivity and improve profitability by generating an increased volume of accurate bids and more effectively managing project costs. The cofounders developed the firms prepared mind investment philosophy based on the louis pasteur quote chance favors the prepared mind. Theyre willing to do anything and everything to help. Accelkkrs successful track record helping software companies grow. The florida company, founded in 2002, has said it hasnt taken outside funding. As we become an independent business, we are excited to partner with accelkkr, which focuses on software and techenabled businesses. Founded in 1989, team is an omahabased technology company with.
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