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FM:Systems secures investment from Accel-KKR

FM:Systems, a provider of Integrated workplace management systems (IWMS) and computer-aided facility management (CAFM) software, has secured a substantial investment from tech-focused private equity firm Accel-KKR.

The investment will provide capital and resources to accelerate product innovation, growth in new and existing markets and service offerings to support an expanding international client base and rapidly evolving market.
 
FM:Systems' over 300 blue-chip customer base spans six continents and a range of industries, including healthcare, higher education, technology, manufacturing, retail, banking and the public sector.
 
"FM:Systems has experienced rapid growth over the past few years and was looking for an experienced software investor as a partner for its next stage of growth. We are excited about the market opportunity we see in front of us and are pleased to have a partner like AKKR to help us pursue it," says Michael Schley, founder and CEO of FM:Systems. "By partnering with Accel-KKR, FM:Systems will have the opportunity to leverage new resources to continue growing its leadership position in the IWMS Marketplace – providing flexible, easier and more powerful solutions at the speed the market needs them." 
 
"The FM:Systems team has built an outstanding business," says Rob Palumbo, managing director at Accel-KKR. "The team, their customers and the technology platform are world class. We are excited about partnering with FM:Systems to continue supporting the team as they strengthen their solutions and provide even greater value to their customers."
 
"This is an exciting development in FM:Systems evolution, and in the evolution of IWMS technology," says Schley. "Our management team and staff are looking forward to the future possibilities that this partnership will open to us."
 
FM:Systems will continue to operate out of its headquarters office in Raleigh, North Carolina.
 
Vaquero Capital acted as exclusive adviser to FM:Systems in connection with the transaction.

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