Accel-KKR Acquires Springbrook Software from Accela
January 7, 2020
Accel-KKR, a technology-focused private equity firm, has acquired Springbrook Software, a provider of cloud-based ERP, finance, payroll and utility billing software for local governments. The carve-out from Accela will let Springbrook operate as an independent company with increased investment to accelerate product innovation, customer care and growth across North America.
- Buyers
- Accel-KKR
- Targets
- Springbrook Software
- Sellers
- Accela
- Industry
- Cloud & SaaS
- Location
- Oregon, United States
- Transaction Type
- Buyout
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