Francisco Partners Makes Strategic Growth Investment in Accela
September 6, 2023
Accela, a provider of cloud-based government software, received a strategic growth investment from Francisco Partners while Berkshire Partners remains a significant, equal equity investor. The undisclosed capital will be used to accelerate Accela's product and market growth as the company expands its civic cloud platform for state and local governments.
- Buyers
- Francisco Partners, Berkshire Partners
- Targets
- Accela
- Industry
- Government & Public Sector
- Location
- California, United States
- Transaction Type
- Growth capital
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