The US-based business will use the cash to grow a company which has already subsumed six competitors and collected 3,000 customers since it was founded in 2006.
KKR-Accel managing directors Tom Barnds and Jason Klein released a joint statement which said, “Accellos fits very well with our investment focus and experience.
“We think there is tremendous opportunity in the Small and Medium-sized Business segment of the supply chain execution market.”
Accel-KKR exceeded the hard cap for its fourth fund after closing the vehicle with commitments of $750m in April.
The firm, a partnership between private equity heavyweight KKR and venture capital major Accel Partners, began formally raising the fund on 13 February this year with a target of $700m, according to an SEC filing.
Accel-KKR’s last reported deal was the purchase of recruitment process outsourcing (RPO) provider Pinstripe from Baird Venture Partners in August.
Pinstripe was an early entrant in the RPO space and has emerged as one of the leading providers in the industry.
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