Accel-KKR makes majority equity investment in Accellos
Accel-KKR, a technology-focused private equity investment firm, has made a majority equity investment in Accellos, a supply chain execution software company focused on the SMB segment.
Accel-KKR is backing Accellos as it drives growth and rapid adoption of its unified suite of supply chain execution solutions.
Accellos was founded with a vision that small and mid-sized business, and logistics service providers were in need of a single-source supply chain software partner. This vision has manifested itself in the acquisition and integration of six supply chain software companies and the development of a unifying product technology – the AccellosOne platform. Over 3,000 customers in 27 countries have trusted their supply chain operations to Accellos technology.
"We are excited that Accel-KKR chose to partner with Accellos," says Michael Cornell, Accellos' chief executive. "The founders and employees at Accellos believe strongly in our strategy. This partnership validates our strategy and provides Accellos the financial resources required to execute our strategy. We want to move quickly to deliver customers a broad set of supply chain solutions tailored to the needs of the mid-market and logistics service providers."
"Accellos fits very well with our investment focus and experience. We think there is tremendous opportunity in the SMB segment of the supply chain execution market and we are very pleased to be working with the entire team at Accellos as they continue to lead and consolidate the market," say Tom Barnds and Jason Klein, managing directors, Accel-KKR.
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