Accel-KKR | Jotup

Accel-KKR Backs Ocuco with Growth Equity Investment to Fuel Global Expansion

Retrieved on:

Thursday, August 17, 2023

Accel-KKR, Growth, Software as a service, Partnership, Practice management, Acuitas Therapeutics

DUBLIN and MENLO PARK, Calif., Aug. 17, 2023 /PRNewswire/ -- Ocuco , a global leader in eyecare software solutions, today announced a €60 million growth equity investment from Accel-KKR , a global technology-focused private equity firm.

Key Points:

DUBLIN and MENLO PARK, Calif., Aug. 17, 2023 /PRNewswire/ -- Ocuco , a global leader in eyecare software solutions, today announced a €60 million growth equity investment from Accel-KKR , a global technology-focused private equity firm.
The investment is set to boost Ocuco's global momentum, enabling the company to meet the eyecare industry's burgeoning omnichannel demand through Acuitas 3 OmniChannel Edition , Ocuco's category-defining cloud-based software solution.
"Accel-KKR's investment is not only a testament to our strong performance but a powerful endorsement that enhances our financial standing.
"We are poised for accelerated growth, and Accel-KKR's investment will undoubtedly propel our M&A strategy, allowing us to continue innovating and expanding our offerings," added Mac Canna.

Basware Announces Firm Intention to Make an Offer to Acquire Glantus Holdings PLC

Retrieved on:

Monday, August 14, 2023

Workforce, Accel-KKR, LSE, Communication, IPO, AIM, London Stock Exchange, AP, Acquisition, London, Anomaly, CFO, Knowledge, Automation, Financial services, Basware

LONDON, Aug. 14, 2023 /PRNewswire/ -- Genesis Bidco Limited, a wholly-owned subsidiary of Basware, a leader in making AP automation and invoice processing happen, today announced its firm intention to make an offer to purchase the entire share capital of Glantus Holdings PLC (LSE: GLAN). The Glantus Board unanimously recommends the offer.

Key Points:

Glantus' solution will be plugged into Basware's offering, bringing deeper expertise, an end-to-end data-driven view and speed to value savings for customers.
Basware enables finance and accounting teams in global enterprises to achieve efficiency through its invoice processing and AP automation platform.
Through its 1,300 strong workforce, Basware automates more than 170 million invoices for thousands of customers globally every year.
The Glantus directors accept responsibility for the information contained in this communication relating to Glantus, except for the statements made by Basware in respect of Glantus.

Basware Announces Firm Intention to Make an Offer to Acquire Glantus Holdings PLC

Retrieved on:

Monday, August 14, 2023

Workforce, Accel-KKR, LSE, Communication, IPO, AIM, London Stock Exchange, AP, Acquisition, London, Anomaly, CFO, Knowledge, Automation, Financial services, Basware

LONDON, Aug. 14, 2023 /PRNewswire/ -- Genesis Bidco Limited, a wholly-owned subsidiary of Basware, a leader in making AP automation and invoice processing happen, today announced its firm intention to make an offer to purchase the entire share capital of Glantus Holdings PLC (LSE: GLAN). The Glantus Board unanimously recommends the offer.

Key Points:

Glantus' solution will be plugged into Basware's offering, bringing deeper expertise, an end-to-end data-driven view and speed to value savings for customers.
Basware enables finance and accounting teams in global enterprises to achieve efficiency through its invoice processing and AP automation platform.
Through its 1,300 strong workforce, Basware automates more than 170 million invoices for thousands of customers globally every year.
The Glantus directors accept responsibility for the information contained in this communication relating to Glantus, except for the statements made by Basware in respect of Glantus.

Accel-KKR Backs StoreForce in Acquisition of ThinkTime

Retrieved on:

Tuesday, August 1, 2023

Workforce, Accel-KKR, Growth, Partnership, Acquisition, Retail, Cryptocurrency

TORONTO and CHICAGO, Aug. 1, 2023 /PRNewswire/ -- StoreForce, a provider of innovative software for managing specialty retail stores, today announced the acquisition of ThinkTime, a retail execution solution for retailers. This acquisition comes less than six months after StoreForce received a majority investment from Accel-KKR, a tech-focused global private equity firm with $19 billion in cumulative capital commitments. This acquisition enables StoreForce and ThinkTime to offer an increasingly comprehensive suite of technology solutions that boost productivity, execution and engagement at every level of global retail organizations, driving value back to the bottom line.

Key Points:

TORONTO and CHICAGO, Aug. 1, 2023 /PRNewswire/ -- StoreForce , a provider of innovative software for managing specialty retail stores, today announced the acquisition of ThinkTime , a retail execution solution for retailers.
This acquisition comes less than six months after StoreForce received a majority investment from Accel-KKR , a tech-focused global private equity firm with $19 billion in cumulative capital commitments.
This acquisition enables StoreForce and ThinkTime to offer an increasingly comprehensive suite of technology solutions that boost productivity, execution and engagement at every level of global retail organizations, driving value back to the bottom line.
We congratulate StoreForce and ThinkTime on this milestone and we look forward to what's ahead in their combined go-to-market strategy," said Phil Cunningham, Managing Director at Accel-KKR.

Johnson Controls to expand OpenBlue digital buildings capabilities through acquisition of workplace management software leader FM:Systems

Retrieved on:

Monday, July 17, 2023

Accel-KKR, Centerview Partners, Maintenance, AutoCAD, FM, System, Internet of things, University, JCI, Internet, Hospital, Acquisition, NYSE, Johnson Controls, Software, Management, Autodesk Revit

"Coupled with our building asset solutions, energy management offerings and global field network, this acquisition further differentiates Johnson Controls' leadership in the fast-growing segment for autonomous and digitally enabled buildings."

Key Points:

"Coupled with our building asset solutions, energy management offerings and global field network, this acquisition further differentiates Johnson Controls' leadership in the fast-growing segment for autonomous and digitally enabled buildings."
An established leader in the digital workplace solutions industry, FM:Systems has had double-digit revenue growth with gross and operating margins that are accretive to Johnson Controls.
"Workplace management technology is a key enabler in terms of improving operational efficiency, creating safer, healthier and smarter buildings, and supporting sustainability goals.
FM:Systems' capabilities will further strengthen Johnson Controls OpenBlue suite of software, which uses cutting-edge artificial intelligence and digital twin technologies to improve building performance, while making buildings smarter and healthier for the planet.

Accel-KKR to Sell Kerridge Commercial Systems Ltd

Retrieved on:

Thursday, July 13, 2023

Accel-KKR, Partnership, Food, KCS, ERP, Acquisition, Investment, Nature, Growth, CapVest Limited, Security (finance), Bank

MENLO PARK, Calif. and BERKSHIRE, United Kingdom, July 13, 2023 /PRNewswire/ -- Accel-KKR , a global technology-focused private equity firm, today announced that it has signed a definitive agreement to sell Kerridge Commercial Systems Ltd ("KCS"), an ERP and business management software provider for distributors, wholesalers and related trades, to CapVest Partners LLP ("CapVest"), an international private equity firm.

Key Points:

MENLO PARK, Calif. and BERKSHIRE, United Kingdom, July 13, 2023 /PRNewswire/ -- Accel-KKR , a global technology-focused private equity firm, today announced that it has signed a definitive agreement to sell Kerridge Commercial Systems Ltd ("KCS"), an ERP and business management software provider for distributors, wholesalers and related trades, to CapVest Partners LLP ("CapVest"), an international private equity firm.
In addition, KCS completed several follow-on acquisitions that expanded its business into new geographies including North America and Continental Europe, such as the take-private acquisition of US-based MAM Systems in 2019.
Tom Barnds, Co-Managing Partner at Accel-KKR, said, "We are very proud of our partnership with Ian Bendelow and the KCS management team.
We wish them nothing but the best as they continue their growth with their new private equity sponsor."

CapVest Acquires Leading Global SaaS ERP Provider Kerridge Commercial Systems

Retrieved on:

Thursday, July 13, 2023

Professional Services, Data Management, Technology, Finance, Software, Internet, Accel-KKR, Software as a service, Electronics, SME, KCS, ERP, Engineering, Construction engineering, Growth, Foodservice, Integrated Micro-Electronics, Inc., CapVest Limited

Funds managed by CapVest Partners LLP (“CapVest”), an international private equity firm, have agreed to acquire Kerridge Commercial Systems (“KCS” or “The Company”), a leading global provider of enterprise resource planning (ERP) software for distribution, servicing and rental businesses, from Accel-KKR, a global technology-focused investment firm.

Key Points:

Funds managed by CapVest Partners LLP (“CapVest”), an international private equity firm, have agreed to acquire Kerridge Commercial Systems (“KCS” or “The Company”), a leading global provider of enterprise resource planning (ERP) software for distribution, servicing and rental businesses, from Accel-KKR, a global technology-focused investment firm.
KCS’s leading vertical specific software and services are delivered to a global base of over 32,000 customers across more than 70 countries.
Ian Bendelow, CEO of KCS, said: “This is an exciting announcement for the whole KCS team, which will further solidify our position as a leading provider of mission-critical vertically focused SaaS globally.
We operate in a fragmented and growing £3.4bn addressable market with significant whitespace opportunities as companies digitalise processes and migrate to the cloud.

Symfonia Announces Buyout Equity Investment from Global Software Investor Accel-KKR as Part of Accelerated Growth Plans

Retrieved on:

Thursday, June 29, 2023

Accel-KKR, Partnership, Sage Group, ERP, Accounting, Kirkland & Ellis, Trust, Acquisition, Investment, CEE, Vienna Capital Partners, Growth, Financial management, SME, Management, Symfonia

Upon completion of the transaction, Accel-KKR will join current investor MidEuropa as backers of Symfonia.

Key Points:

Upon completion of the transaction, Accel-KKR will join current investor MidEuropa as backers of Symfonia.
This investment will mark over 70 investments in Europe and 350+ across the globe for Accel-KKR.
Symfonia is one of the leading providers of financial management, payroll and ERP software to accounting offices and small- and medium-sized enterprises (SMEs) in Poland.
Today, a loyal customer base of over 50,000 SMEs across Poland rely on Symfonia daily for mission-critical business software.

entrio Welcomes Peter Lee to its esteemed Board of Directors

Retrieved on:

Tuesday, June 27, 2023

NEW YORK, June 27, 2023 /PRNewswire-PRWeb/ -- entrio, a cloud-based platform that uses proprietary data with optimization intelligence to reduce costs, mitigate risks, and improve operational efficiency of enterprise IT solutions, is pleased to announce the appointment of Peter Lee to its Board of Directors. Customers such as BNY Mellon, Santander, and SMBC demonstrate entrio's leadership in the banking sector.

Key Points:

entrio announced Peter Lee, former CEO of DataSynapse and RapidMiner and current Chairman of Board for WorldQuant Predictive, has been elected to entrio's esteemed Board of Directors.
NEW YORK, June 27, 2023 /PRNewswire-PRWeb/ -- entrio, a cloud-based platform that uses proprietary data with optimization intelligence to reduce costs, mitigate risks, and improve operational efficiency of enterprise IT solutions, is pleased to announce the appointment of Peter Lee to its Board of Directors.
Peter currently serves as Chairman of the Board for WorldQuant Predictive and Independent Operating Board member for Open Assembly and Chattermill.
Avi Cohen, CEO and Co-Founder of entrio endorsed the new board appointment: "We extend a warm welcome to Peter Lee as he joins our Board of Directors.

The Producto Group announces the appointment of MedTech Industry Leader to its Board of Directors

Retrieved on:

Tuesday, June 20, 2023

Executive, Union of Sales and Marketing Professionals, Senior, Confluence, Program management, Marketing, Customs Operational Battle Force Response Assault, Accel-KKR, Rest, Medtech, Management, Engineering, El Producto (EP)

The Company announced today that it appointed Mr. Dean Schauer as the newest member of its Board of Directors, effective immediately.

Key Points:

The Company announced today that it appointed Mr. Dean Schauer as the newest member of its Board of Directors, effective immediately.
“We are delighted to welcome Dean to our Board of Directors,” said Adam Cook, Non-Executive Chairman of Producto and Chief Investment Officer of Culper Capital Partners.
“Dean’s overwhelming success as a leader in the MedTech industry is well documented and he will make an immediate impact on our Company and team.
"I am thrilled to join The Producto Group’s board," expressed Mr. Schauer.