Ektron Closes Growth Equity Investment Led by Accel-KKR Growth Equity Investment Will Support Company's Continued Innovation in the Online Marketing and Web Content and Experience Management Marketplace
NASHUA, N.H., April 10, 2014 /PRNewswire/ -- Content management and web experience management software provider Ektron today announced it 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," said Ektron President, Tim McKinnon. "Ektron is at the forefront of helping to power these new experiences for the world's leading organizations. 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 Mr. McKinnon.
"Over the past several years, websites have emerged as the organization's inbound marketing hub," said Bill Rogers, Ektron CEO and founder. "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," said 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."
Accel-KKR is a technology‐focused private equity firm with over $2.5 billion in assets under management. The firm invests primarily in software and IT‐enabled businesses well positioned for top‐line and bottom‐line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle market companies and provides a broad range of capital solutions from minority growth investments to buyouts, recapitalizations, divisional carveouts and going‐private transactions. The firm has offices in Menlo Park, Atlanta and London. For more information, please visit www.accel-kkr.com.
Ektron Web Content Management software powers corporate websites, intranets, and social communities for thousands of customers across the world. Ektron Digital Experience Management solutions let marketers connect, engage, acquire and retain customers across the Web and in the Cloud. Ektron is headquartered in the greater Boston area with offices in Australia, Singapore, and the United Kingdom.
Ektron customers are leaders in financial services, hospitality, education, healthcare, media and entertainment, technology, non-profit, public sector and manufacturing. For more information: www.ektron.com.