Accellos, a provider of supply chain execution and fleet management software, announced that Accel-KKR has made a strategic equity investment in Accellos.
Accellos has acquired six supply chain software companies, including Prophesy Transportation Software, and has developed a unifying product technology – the AccellosOne platform. Over 3,000 companies in 27 countries now use Accellos software to power their supply chains. In order to continue execution of this strategy, Accellos founders sought a new strategic financial partner and have received an equity investment from Accel-KKR.
Accel-KKR is a technology-focused private equity firm with over $2.3 billion of assets under management. Accel-KKR focuses exclusively on middle market software and technology companies with strong growth profiles.
“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 midmarket and logistics service providers,” said Michael Cornell, Accellos’ CEO.
Centennial Ventures, Monitor Clipper Partners, and Murphree Venture Partners were previous financial sponsors of Accellos and helped facilitate the transaction.