Accessibility Statement Skip Navigation
  • Resources
  • Investor Relations
  • Journalists
  • Agencies
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • Arabic
      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Amplify Content
  • All Products
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Hamburger menu
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Amplify Content
  • All Products
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS

AARO Joins Forces with Aico & Mercur to Form Unified and Complete Financial Corporate Performance SaaS Platform; Michael Teixeira Named Group CEO
  • USA - español
  • USA - Français
  • USA - Deutsch
  • Middle East - Arabic
  • USA - English


News provided by

Accel-KKR

Jul 14, 2025, 02:00 ET

Share this article

Share toX

Share this article

Share toX

STOCKHOLM, July 14, 2025 /PRNewswire/ -- Accel-KKR, a global technology-focused investment firm, today announced the successful closing of AARO, a leading provider of Corporate Performance Management (CPM) solutions, and bringing together AARO with financial software providers, Aico and Mercur. This marks a significant milestone in the formation of a unified company focused on delivering the most comprehensive, unified SaaS platform for finance and performance management in EMEA for the Office of the CFO.

Continue Reading
AARO, Aico and Mercur join forces to form a unified SaaS platform for the Office of the CFO
AARO, Aico and Mercur join forces to form a unified SaaS platform for the Office of the CFO

To lead this newly formed group, Accel-KKR has appointed Michael Teixeira as Group Chief Executive Officer. Michael brings extensive leadership experience in scaling high-growth  technology companies and will guide the strategic vision and growth of the combined entity.

A Transformative Merger for Financial Leadership

The combined entity of AARO together with Aico and Mercur cements its category leadership in EMEA, bringing together deep expertise across the financial close, planning and reporting spectrum:

  • Aico: Automates and streamlines financial close processes.
  • Mercur: Powers xP&A, budgeting, forecasting, business intelligence and financial analytics.
  • AARO: Provides enterprise-grade consolidation and group reporting solutions.

Together, they create a powerful unified SaaS platform for finance and performance management that empowers finance and executive leaders with automation, compliance and actionable insights, supporting faster decision-making, enhanced governance and enterprise-wide visibility.

"This is more than a corporate merger; it's a strategic unification," says Michael Teixeira, Group CEO. "By bringing together AARO, Aico and Mercur, we're creating a unified, integrated cloud solution that supports CFOs across the entire value chain; from Record to Report through Consolidation and Reporting to XP&A, Budgeting, Forecasting and Analysis and from local transaction-close to consolidated group-level reporting. This positions us uniquely to serve the needs of growing enterprises across the EMEA region."

Market Reach and Customer Impact

Operating across the Nordics, UK, Ireland, BENELUX, DACH and Middle East & Africa, the combined company now powers finance operations for thousands of mid-market and enterprise customers with deep regional support and expertise.

Key benefits to customers will include:

  • A unified SaaS platform for the Office of the CFO: A seamless cloud solution that supports the entire finance function across Record to Report, from local transaction-close to group-level consolidation, including consolidation, budgeting, forecasting, XP&A, and performance reporting. Increased accuracy and efficiency: AI-powered automation reduces manual effort, minimises risk and improves data integrity across financial close, consolidation and reporting.
  • Unified user experience: An integrated platform that reduces system complexity and improves ease of use for finance teams.
  • Ongoing innovation: Enhanced capabilities driven by the combined expertise of global product and engineering teams focused on solving challenges for the Office of the CFO.
  • Future-ready scalability: A robust, modular solution that grows with the organisation's needs, whether expanding across entities, geographies or compliance regimes.
  • Configurability: SaaS software that is highly adaptable to enterprise clients' complex environments, thereby removing the barrier to integrate with core systems, improving efficiency and reducing data silos.

Strategic Backing and Regional Scale

The merger follows Accel-KKR's investment in Aico and Mercur, and now the acquisition of AARO, reinforcing the firm's long-term commitment to building a category-leading financial cloud software suite.

"Our investment in Aico, Mercur and AARO stems from the vision to build a best-in-class, end-to-end SaaS financial platform," said Maurice Hernandez, Managing Director at Accel-KKR and Board Member. "By integrating three best-of-breed platforms under Michael's seasoned leadership, this fuels an ambitious expansion strategy across EMEA to create a powerhouse for the Office of the CFO,"

About AARO

AARO provides Corporate Performance Management (CPM) software for group accounting, consolidation and financial reporting. Used by multinational companies, it supports IFRS and local GAAP standards. Finance teams rely on AARO to streamline complex reporting processes with precision and efficiency. The company was founded in 1989 and has employees in Sweden, Latvia, Kenya, the United Arab Emirates, UK, and Finland. Learn more at www.aaro.com 

About Aico Group

Aico is a financial close automation platform for mid-sized and enterprise companies. It enables faster, more accurate month-end reporting while ensuring compliance. Founded in 2019 in Finland, Aico serves leading European companies from offices in Finland, Germany, the UK and Latvia. Learn more at www.aico.ai 

About Mercur Solutions

Mercur Solutions provides Corporate Performance Management (CPM) software for budgeting, planning, forecasting and reporting. Its cloud-based platform, Mercur Business Control, empowers organisations with automation and insights. Headquartered in Sweden with a UK office, Mercur has supported financial leaders for 50 years. Learn more at www.mercur.com 

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $23 billion in capital commitments. It partners with software and tech-enabled businesses to drive growth and value. Based in Menlo Park, with global offices, Accel-KKR invests across buyouts, minority stakes, carve-outs, and credit. Learn more at www.accel-kkr.com

Photo - https://mma.prnewswire.com/media/2729425/Accel_KKR_Mercur.jpg

SOURCE Accel-KKR

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED

Modal title

Also from this source

Accel-KKR Closes $1.9 Billion Continuation Fund to Support Further Growth of isolved

Accel-KKR, a global technology-focused investment firm, today announced the completion of AKKR Isosceles CV LP, an approximately $1.9 billion...

Accel-KKR to Sell Majority Interest in Smart Communications to Cinven

Accel-KKR, a global software and technology-focused private equity firm, today announced that it has signed a definitive agreement to sell a majority ...

More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

Computer Software

Computer Software

Computer Software

Computer Software

Banking & Financial Services

Banking & Financial Services

News Releases in Similar Topics

Contact PR Newswire

  • Call PR Newswire at 888-776-0942
    from 8 AM - 9 PM ET
  • Chat with an Expert
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Italy
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • Vietnam

My Services

  • All New Releases
  • Platform Login
  • ProfNet
  • Data Privacy

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Platform Login
  • ProfNet
Call PR Newswire at
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookies
Copyright © 2025 Cision US Inc.