Investment Summary

Accel-KKR Invests In Siigo

On September 28, 2017, private equity firm Accel-KKR invested in internet software and services company Siigo

Investment Highlights
  • This is Accel-KKR’s 7th transaction in the Internet Software and Services sector.
  • This is Accel-KKR’s 1st transaction in Colombia.

Investment Summary
Date 2017-09-28
Target Siigo
Sector Internet Software and Services
Investor(s) Accel-KKR
Deal Type Growth Capital

Target

Siigo

Cundinamarca, Colombia
Siigo is a provider of accounting and administrative software for small and medium-sized companies. Company serves over 100,000 clients and more than 15,000 accountants. Their solutions include accounting, payroll, invoicing, inventory management and as well manages the finance, accounting and administrative aspects of small and mi-sized businesses. Siigo was founded in 1988 and is based in Cundinamarca, Colombia.

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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 51 of 117
Sector (Internet Software and Services) 7 of 34
Type (Growth Capital) 20 of 53
Country (Colombia) 1 of 1
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 ForgeRock

San Francisco, California, United States

ForgeRock is the digital identity management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was founded in 2010 and is based in San Francisco, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Reapit

Solihull, United Kingdom

Reapit is a software provider to estate agents and lettings agents. Its combined CRM platform (RPS) for sales, lettings, property management and client accounts has won numerous industry accolades. Reapit has underpinned its software with a strong service and training ethos which has helped to attract and retain many brands including: countrywide, savills, knight frank, romans, marsh & parsons, CBRE and Winkworth to name just a few. Reapit was founded in 1997 and is based in Solihull, United Kingdom.

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