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Investment Summary

Accel-KKR Invests In Acumatica

On July 18, 2018, private equity firm Accel-KKR invested in internet software and services company Acumatica

Investment Highlights
  • This is Accel-KKR’s 13th transaction in the Internet Software and Services sector.
  • This is Accel-KKR’s 49th transaction in the United States.
  • This is Accel-KKR’s 1st transaction in Washington.
Investment Fate
  • Acumatica was sold to a consortium of financial buyers in 2019.
  • Acumatica was sold to a consortium of financial buyers in 2025.

Investment Summary
Date 2018-07-18
Target Acumatica
Sector Internet Software and Services
Investor(s) Accel-KKR
Deal Type Venture

Target

Acumatica

Bellevue, Washington, United States
Acumatica is a provider of cloud-based business management software that enables small and mid-size companies to accelerate their businesses. Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications such as Financials, Project Accounting, Commerce, Manufacturing, Field Service and CRM, on a robust and flexible platform. Acumatica was founded in 2007 and is based in Bellevue, Washington.

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Investor(S) 1

Investor

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 61 of 123
Sector: Internet Software and Services M&A 13 of 38
Type: Venture M&A Deals 3 of 4
State: Washington M&A 1 of 1
Country: United States M&A 49 of 86
Year: 2018 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Continuity

New Haven, Connecticut, United States

Continuity is a provider of regulatory technology (RegTech) solutions that automate compliance management for financial institutions of all sizes. By combining regulatory expertise and cloud technology, Continuity’s solutions are designed to automate all aspects of compliance management, from interpretation of regulatory issuances through intuitive task delegation, vendor management, and board reporting. Continuity was founded in 2008 and is based in New Haven, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 SugarCRM

Cupertino, California, United States

SugarCRM is a CX (customer experience) platform, enabling businesses to create profitable customer relationships by delivering highly relevant, personalized experiences throughout the customer journey. The easy-to-use, intuitive platform makes CX easy and accessible for everyone, allowing marketing, sales and services professionals to focus on high-impact, value-adding activities that create customers for life. SugarCRM was founded in 2004 and is based in Cupertino, California.

Buy -
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