Blue Mountain Quality Resources, a developer of enterprise asset management products and services for the life sciences industry, has picked up a growth investment from Accel-KKR.
The company’s software aims to enable lifecycle management of assets, workflow automation, and other key functionality to help ensure that both productivity and compliance are achieved – ultimately helping its customers bring life-saving treatments to market.
Phil Cunningham, operating executive and the lead for Accel-KKR’s Emerging Buyout Partners fund, said, “Blue Mountain embodies the kind of business that we believe in and back wholeheartedly – mission-critical software led by a management team with deep industry knowledge.
“We look forward to growing with Blue Mountain to ultimately help their clients bring vital drugs, therapies, medical diagnostics and devices to market in the safest, most cost-competitive and efficient manner.”
Software Equity Group served as financial advisor to Blue Mountain Quality Resources.
Accel-KKR has more than $9bn in capital under management, focused on software and IT-enabled businesses.
The firm registered to raise up to $2.55bn for its latest flagship fund, Accel-KKR Capital Partners VI, last May according to an SEC filing, but is yet to announce a final close.
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