Accel-KKR Makes Majority Equity Investment in Accellos

MENLO PARK, Calif. and COLORADO SPRINGS, Colo., Oct. 16, 2012 /PRNewswire/ -- Accel-KKR, a technology-focused private equity investment firm, today announced it has made a majority equity investment in Accellos, Inc., the leading supply chain execution software company focused on the SMB segment.

Continuing its track record of investing behind leading supply chain technology providers, and leaders in delivering technology solutions to SMB segments across industries, Accel-KKR is backing Accellos as it drives growth and rapid adoption of its unified suite of supply chain execution solutions. Accellos was founded with a vision that small and midsized business, and logistics service providers were in need of a single-source supply chain software partner.  This vision has manifested itself in the acquisition and integration of six supply chain software companies and the development of a unifying product technology – the AccellosOne platform.  Over 3,000 customers in 27 countries have trusted their supply chain operations to Accellos technology. 

"We are excited that Accel-KKR chose to partner with Accellos," said Michael Cornell, Accellos' CEO.  "The founders and employees at Accellos believe strongly in our strategy.  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."

"Accellos fits very well with our investment focus and experience. We think there is tremendous opportunity in the SMB segment of the supply chain execution market and we are very pleased to be working with the entire team at Accellos as they continue to lead and consolidate the market," said Tom Barnds and Jason Klein, Managing Directors, Accel-KKR.

About Accel-KKR
Accel-KKR is a technology-focused private equity firm with over $2.3 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 the significant resources available through the Accel-KKR network. Accel-KKR has a particular focus on buyouts and recapitalizations of family-owned or closely-held private companies, going-private transactions and divisional buyouts of larger companies. For more information, please visit www.accel-kkr.com.

About Accellos
Accellos is a global provider of software solutions specifically designed for the unique needs of logistics service providers and midsized businesses. Over 3,000 companies trust Accellos to be the technology backbone of their global supply chains. Accellos provides solutions for warehouse management systems (WMS), third party logistics (3PL), fleet management, transportation management systems (TMS), trading partner integration (EDI), automated barcode data collection, parcel shipping, transportation optimization and supply chain business intelligence. Accellos solutions are built on the AccellosOne platform, a modern technology platform featuring a user-friendly interface and simplified technical administration. For more information, please visit www.accellos.com.

Contacts
For Accel-KKR: Todd Fogarty, Kekst and Company
Tel: 212-521-485
[email protected]

For Accellos: Kait Vinson, Digital & Communications Marketing Manager, Accellos
Tel: 719-433-703
[email protected]

SOURCE Accel-KKR