Bow River Capital / Accelo Add-on Acquisition of Forecast

Accelo Acquires Forecast, an AI-Enabled SaaS PSA Platform

July 22, 2025

Cloud & SaaS

Accelo, a Denver-based cloud Professional Services Automation (PSA) provider, has acquired UK-based Forecast, an AI-powered project and resource management SaaS platform. The deal expands Accelo’s AI-driven planning and resource-optimization capabilities and strengthens its presence in the UK and European markets, backed by growth capital from Bow River Capital and support from Level Equity.

Bow River Capital Makes Majority Investment in Accelo

February 29, 2024

Cloud & SaaS

Bow River Capital’s Software Growth Equity (SGE) Team has made a majority-controlled platform investment in Accelo to accelerate the development and global growth of its cloud-based Professional Services Automation (PSA) SaaS, including the V4.0 launch, UX improvements, and AI capabilities. Charles Chen of Level Equity will remain on Accelo’s board following the transaction.

Bow River Capital Makes Majority Recapitalization Investment in HRSoft

September 13, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority-controlled recapitalization investment in HRSoft to accelerate the build-out of its full HCM application suite, scale operational infrastructure, and support profitable growth. As part of the transaction, Bow River fund managers John Raeder, Maitlan Cramer, and Sean O'Connell joined HRSoft's board; CIBC Innovation Banking provided debt financing and JMP Securities served as exclusive financial advisor to HRSoft.

GovExec Acquires Forecast International

January 18, 2022

Data & Analytics

GovExec acquired Forecast International, a subscription-based provider of defense and aerospace market intelligence and forecasting, in a deal completed with financial support from Growth Catalyst Partners. Forecast International will be integrated into GovExec's growing defense portfolio to expand the company's intelligence, forecasting and consulting capabilities for government agencies and defense contractors.

Bow River Capital Majority Recapitalizes ProductPlan

May 11, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority recapitalization investment in ProductPlan, a cloud-based product management SaaS provider. The partnership will fund accelerated product innovation, build-out of ProductPlan's application suite, and scaling of go-to-market and operational infrastructure; Bow River fund managers Maitlan Cramer and John Raeder will join ProductPlan's board.

TalentNeuron Acquires HRForecast

October 24, 2024

Cloud & SaaS

TalentNeuron, a Leeds Equity portfolio company, has acquired HRForecast, a Munich-based provider of strategic workforce planning and skills management software. The deal combines HRForecast's workforce-planning and internal talent marketplace capabilities with TalentNeuron's global labor market data to create an end-to-end strategic workforce planning platform; HRForecast will operate as a wholly owned subsidiary of TalentNeuron.