Ektron closes growth equity investment led by Accel-KKR
Content management and web experience management software provider Ektron has closed a growth equity funding round led by Accel-KKR.
This minority investment, the company's first institutional round, will enable Ektron to accelerate product and company expansion as enterprise demand for its content management, marketing and web experience management software offerings continues to grow.
Terms of the deal were not disclosed.
"We're entering a new era where businesses and people experience content across the web and mobile devices in entirely new ways," says Ektron president Tim McKinnon. "Ektron is at the forefront of helping to power these new experiences for the world's leading organisations. Accel-KKR's investment is a testament to our success and the future growth opportunity our continued focus on innovation will bring to the market."
In conjunction with the investment, Greg Williams, managing director, and David Cusimano, vice president of Accel-KKR, will join the Ektron board of directors. Other board members include Bill Rogers, CEO and founder of Ektron, and McKinnon.
"Over the past several years, websites have emerged as the organisation's inbound marketing hub," says Rogers. "This is driving the need for a new approach to CMS – one that supports a more responsive and dynamic customer-centric web and mobile world. Ektron has led the way in making it simpler for companies to introduce these latest web experience management features into their websites."
Ektron powers web and mobile experiences for some of the world's leading companies and brands, including Epicor, Fairmont Raffles Hotels International, Invensys, and NASDAQ, among others.
"Accel‐KKR is very excited about the opportunities offered by the web content and experience management space," says Greg Williams of Accel-KKR. "With its strong background in CMS, and its growing portfolio of product offerings, Ektron has shown a consistent ability to earn the business of enterprises around the world. We look forward to working with the management team and the talented group of Ektron employees as they continue their product and market expansion."
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