M&A Deal Summary

Accel-KKR Acquires Springbrook Software

On January 7, 2020, private equity firm Accel-KKR acquired software company Springbrook Software from Accela

Acquisition Highlights
  • This is Accel-KKR’s 37th transaction in the Software sector.
  • This is Accel-KKR’s 61st transaction in the United States.
  • This is Accel-KKR’s 2nd transaction in Oregon.

M&A Deal Summary

Date 2020-01-07
Target Springbrook Software
Sector Software
Buyer(s) Accel-KKR
Sellers(s) Accela
Deal Type Divestiture

Target

Springbrook Software

Portland, Oregon, United States
Springbrook Software is a provider of cloud-based finance, utility billing, and payroll software solutions for small and medium size municipalities and utility districts. Springbrook Software was established in 1985 and is based in Portland, Oregon.

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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 81 of 117
Sector (Software) 37 of 52
Type (Divestiture) 6 of 9
State (Oregon) 2 of 2
Country (United States) 61 of 81
Year (2020) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 HighWire Press

Redwood City, California, United States

Founded in 1995 by Stanford University, HighWire Press provides innovative technology solutions to global societies, university presses, and independent publishers through its ground- breaking HighWire Open Platform. HighWire offers digital content development and hosting services, a customizable peer-review manuscript submission system, cross-publisher librarian tools, strategic consultation, and unique networking opportunities for organizations which produce high-impact journals, books, and other scholarly publications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Partnerize

Newcastle upon Tyne, United Kingdom

Partnerize is a provider of AI-powered Partnerize Partnership Automation Platform that delivers data-driven intelligence and industry-leading management tools that are essential for materially improving ROI from this fast-growing sales channel. Partnerize was founded in 2010 and is based in Newcastle upon Tyne, United Kingdom.

Buy -

Seller(S) 1

SELLER

Accela

San Ramon, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Accela provides a platform of cloud-based productivity and civic engagement software to governments of all sizes worldwide. The Accela Civic Platform includes cost-effective solutions to manage critical enterprise functions and mobile apps to foster greater citizen engagement. From asset, land, and legislative management to licensing, finance, environmental health, and more, its software drives efficiency for more than 2,000 governments worldwide. Accela was formed in 1999 and is based in San Ramon, California.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-18 PublicStuff

New York, New York, United States

PublicStuff offers local governments white-labeled citizen engagement apps and websites to extend access to city services, while integrating within government agency workflow.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 OpenCounter

San Francisco, California, United States

OpenCounter whose software guides applicants through complex permitting and licensing procedures. OpenCounter is based in San Francisco, California.

Buy -