Computers

Accel-KKR completes sale of KANA Software to Verint Systems for USD514.2m

Verint Systems has completed its acquisition of KANA Software, a portfolio company of Accel-KKR, for USD514.2m in cash.

"Accel-KKR was an extraordinary partner to the KANA management team following the acquisition that brought the company private in December 2009," says Mark Duffell, KANA's CEO. "Accel-KKR did what they said they were going to do including supporting our efforts through investments to grow the company both organically and through targeted strategic acquisitions. Through our partnership, we were able to create a market leader in the growing customer service software market."
 
"We are very pleased with the results of our investment in KANA, which will now be positioned for further growth as part of Verint, a global technology leader," says Jason Klein, managing director of Accel-KKR. "We are proud of our partnership with Mark Duffell and the KANA team and wish the company well as it becomes part of the Verint family."

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