M&A Deal Summary

Accel-KKR Acquires isolved HCM

On September 6, 2016, private equity firm Accel-KKR acquired software company isolved HCM from isolved Benefit Services

Acquisition Highlights
  • This is Accel-KKR’s 24th transaction in the Software sector.
  • This is Accel-KKR’s 39th transaction in the United States.
  • This is Accel-KKR’s 4th transaction in North Carolina.

M&A Deal Summary

Date 2016-09-06
Target isolved HCM
Sector Software
Buyer(s) Accel-KKR
Sellers(s) isolved Benefit Services
Deal Type Divestiture

Target

isolved HCM

Charlotte, North Carolina, United States
isolved HCM is a developer of software for all workforce management processes time & attendance, HR, payroll, and benefits all in one system. isolved is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 47 of 123
Sector: Software M&A 24 of 55
Type: Divestiture M&A Deals 4 of 9
State: North Carolina M&A 4 of 5
Country: United States M&A 39 of 86
Year: 2016 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 ESO

Austin, Texas, United States

ESO is a provider of software to emergency medical services (EMS), fire departments, hospitals, and healthcare professionals nationwide. ESO has brought numerous breakthrough software products to the important markets it serves. Most recently, ESO launched its Electronic Health Record (EHR) software, an all-new version of its flagship Electronic Patient Care Report (ePCR) product for EMS agencies. ESO was founded in 2004 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Smart Communications

London, United Kingdom

Smart Communications is a provider of cloud solution for customer and business communications. Smart Communications was founded in 2004 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

isolved Benefit Services

Charlotte, North Carolina, United States

Category Company
Founded 1986
Sector Information Technology
DESCRIPTION

isolved Benefit Services is a benefits administration technology and services company. The Company provides a wide array of employer services to its small and medium sized business customers, including COBRA, FSA, HRA, and Benefit Enrollment & Eligibility administration, as well as Payroll services. isolved Benefit Services was founded in 1986 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 isolved HCM

Charlotte, North Carolina, United States

isolved HCM is a developer of software for all workforce management processes time & attendance, HR, payroll, and benefits all in one system. isolved is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 PoleStar Benefits

Lake Oswego, Oregon, United States

PoleStar Benefits, Inc. is a Third Party Administrator who specializes in back office benefit services. Cafeteria Plans, HRA, COBRA Administration, Dental, Vision, Life & Disability. Company extraordinary administrative services value proposition is distributed only through an exclusive list of brokers and has proven to lead in our marketplace by creating a competitive marketing advantage our partners rely on to fulfill the needs of their clients.

Buy -