Investment Summary

Accel-KKR Invests In Cendyn

On June 18, 2019, private equity firm Accel-KKR invested in software company Cendyn

Investment Highlights
  • This is Accel-KKR’s 35th transaction in the Software sector.
  • This is Accel-KKR’s 54th transaction in the United States.
  • This is Accel-KKR’s 2nd transaction in Florida.

Investment Summary
Date 2019-06-18
Target Cendyn
Sector Software
Investor(s) Accel-KKR
Deal Type Growth Capital

Target

Cendyn

Boca Raton, Florida, United States
Cendyn headquarters in Boca Raton, Florida.
Cendyn headquarters in Boca Raton, Florida.
Cendyn is a cloud-based software and services provider that develops integrated technology platforms for driving sales and marketing performance in the travel and hospitality industry. The Cendyn Hospitality Cloud offers the most complete set of innovative software and services in the industry, covering hotel marketing, guest engagement, group sales, and event management. Cendyn was founded in 1996 and is based in Boca Raton, Florida.

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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 72 of 117
Sector (Software) 35 of 52
Type (Growth Capital) 32 of 53
State (Florida) 2 of 5
Country (United States) 54 of 81
Year (2019) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Safeguard Global

Austin, Texas, United States

Safeguard Global engages in driving long-term growth through constant innovation of global workforce deployment for businesses. Leveraging more than 10 years of global outsourcing expertise and technology development, Safeguard Global offers products and technologies, including Global Employment Outsourcing (GEO) and Global Managed Payroll (GMP), that empower businesses to grow and scale quickly and efficiently. Safeguard Global was founded in 2008 and is headquartered in Austin, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 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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Mergr

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