Investment Summary

Accel-KKR, Silver Lake and Wipro Invest In ElectrifAi

On September 14, 2011, private equity firm Accel-KKR, private equity firm Silver Lake and Wipro invested in information technology company ElectrifAi

Investment Highlights
  • This is Accel-KKR’s 3rd, Silver Lake’s 8th and Wipro’s 3rd transaction in the Information Technology sector.
  • This is Accel-KKR’s 13th, Silver Lake’s 38th and Wipro’s 2nd transaction in the United States.
  • This is Accel-KKR’s 1st, Silver Lake’s 3rd and Wipro’s 2nd transaction in New Jersey.

Investment Summary

Date 2011-09-14
Target ElectrifAi
Sector Information Technology
Investor(s) Accel-KKR
Silver Lake
Wipro
Deal Type Growth Capital
Advisor(s) Morgan Stanley (Financial)

Target

ElectrifAi

Jersey City, New Jersey, United States
ElectrifAI is an operator of big data analytic firm delivering advanced analytics solutions that drive substantially better business results for top-tier organizations in financial services, government, healthcare, and other selected sectors. ElectrifAI was founded in 2004 and is based in Jersey City.

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Investor(S) 3

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 15 of 123
Sector: Information Technology M&A 3 of 20
Type: Growth Capital M&A Deals 2 of 53
State: New Jersey M&A 1 of 3
Country: United States M&A 13 of 86
Year: 2011 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-09 Alexander Gallo

Atlanta, Georgia, United States

Alexander Gallo Holdings LLC is the nation’s privately-owned court reporting and litigation support services company. Alexander Gallo Holdings is home to one of the largest base of court reporters in the country. Alexander Gallo was founded in 1999 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-15 Paymentus

Charlotte, North Carolina, United States

Paymentus provides a unified, SaaS electronic bill payment and presentment, enterprise customer communication and self-service, and revenue management platform. Paymentus’ next-generation, real-time bill payment network continues to redefine the industry by providing strategic and innovative solutions that simplify, automate and streamline the bill payment and revenue management processes. The Company’s platform is capable of supporting a broad spectrum of industry segments including: utilities, municipalities, counties and governmental agencies, insurance, healthcare, financial services, property management and other commercial enterprises. Paymentus was founded in 2004 and is based in Charlotte, North Carolina.

Buy -
Investor

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 51 of 137
Sector: Information Technology M&A 8 of 18
Type: Growth Capital M&A Deals 9 of 34
State: New Jersey M&A 3 of 3
Country: United States M&A 38 of 97
Year: 2011 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 SMART Storage Systems

Newark, California, United States

SMART Storage Systems, Inc. designs, develops, manufactures, and deploys enterprise memory modules and solid-state storage products.

Buy $645M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-05 i2

Oxfordshire, United Kingdom

i2 is a security intelligence analysis software that provides advanced analytics and intelligence analysis tools, such as the industry-leading i2 Analyst’s Notebook, which helps analysts transform data into decisions in near-real-time, uncover hidden connections with visual displays, and turn overwhelming and disparate data. i2 product portfolio including the i2 Analyst’s Notebook, i2 Enterprise Insight Analysis (EIA), and i2 iBase platforms. i2 was founded in 1990 and is based in Oxfordshire, United Kingdom.

Sell -
Investor

Wipro

Bengaluru, India

Category Company
Founded 1945
Sector Information Technology
Employees230,000
Revenue 890.9B INR (2025)
DESCRIPTION

Wipro is an information technology, consulting, and outsourcing company with 145,000 employees serving over 900 clients in 60 countries. The company helps customers to do business better by leveraging its industry-wide experience, deep technology expertise, comprehensive portfolio of services, and a vertically aligned business model. Wipro was founded in 1945 and is based in Bengaluru, Karnataka.


DEAL STATS #
Overall 5 of 28
Sector: Information Technology M&A 3 of 17
Type: Growth Capital M&A Deals 1 of 1
State: New Jersey M&A 2 of 3
Country: United States M&A 2 of 16
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-02 Crelint Oy

Rovaniemi, Finland

Crelint Oy is a provider of R&D and IT services to customers in the telecommunications and enterprise IT solutions space.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Opus Capital Markets Consultants

Lincolnshire, Illinois, United States

Opus Capital Markets Consultants, LLC is a specialized risk management and quality control service provider for a wide range of participants in the mortgage and consumer lending industry. Specialized services include due diligence, valuation, and advisory solutions. These services range from loan level re-underwriting to quality assurance support for operational risk assessments of counterparties and servicers. Opus CMC is the preferred industry choice based on quality, responsiveness and technology. Clients include banks, originators, investors, government institutions and mortgage insurers.

Buy -