Accel-KKR Acquires Springbrook Software from Accela

Springbrook Acquires BIAS Software

January 14, 2020

Cloud & SaaS

Springbrook, a portfolio company of Accel-KKR, has completed the acquisition of BIAS Software, a Spokane-based provider of cloud-based accounting and utility billing software for local public agencies. The deal is Springbrook's first add-on since becoming PE-backed and is intended to deepen Springbrook's market presence and product capabilities in the U.S. Pacific Northwest.

Springbrook Software Acquires MAGIQ Software

October 4, 2021

Cloud & SaaS

Springbrook Software, a cloud-based ERP provider for local governments and backed by Accel-KKR, has acquired New Zealand-based MAGIQ Software to expand its product capabilities and global footprint. The deal adds MAGIQ's public sector cloud platform and advanced budgeting, planning, reporting and document management capabilities to Springbrook's Cirrus platform and extends its reach across Australia, New Zealand and the U.S.

Springbrook Software Acquires PUBLIQ Software

February 9, 2022

Software

Springbrook Software, a cloud-based ERP provider for local governments, has acquired PUBLIQ Software of South Carolina to add advanced property tax management capabilities to its Cirrus platform. The acquisition expands Springbrook's product functionality and national footprint, with the combined companies serving nearly 2,000 local government entities across multiple countries; PUBLIQ was sold by its parent, RedSail Technologies.

Accel-KKR Takes Majority Stake in Kimble Applications

March 16, 2021

Cloud & SaaS

Kimble Applications, a cloud-based professional services automation (PSA) provider, closed a significant growth investment from Accel-KKR on March 16, 2021, with Accel-KKR becoming a majority interest holder. The new capital is intended to accelerate product innovation, go-to-market initiatives—particularly in North America—and support continued global growth and strategic M&A.

Accel-KKR Acquires Majority Stake in Symfonia from MidEuropa

June 29, 2023

Software

Accel-KKR has signed a growth buyout to acquire a majority stake in Symfonia, the Polish provider of accounting, payroll and ERP software. MidEuropa will retain a significant minority stake; the investment is intended to accelerate Symfonia's organic growth, cloud transition and M&A expansion across Central and Eastern Europe.

Accel-KKR Acquires Majority Stake in INX Software

July 24, 2024

Cloud & SaaS

Accel-KKR has acquired a majority ownership position in Perth-based INX Software through a significant equity investment, with management remaining an investor. The partnership will support INX's global expansion and further development of its workforce, compliance, training and reporting SaaS solutions used across mining, manufacturing, health and government sectors.