Accel-KKR Makes Follow-On Equity Investment in Cendyn

June 18, 2019

Accel-KKR provided a strategic follow-on equity investment in Cendyn, a Boca Raton-based provider of cloud-based CRM and hotel sales platforms, to support scaling and product innovation. As part of the transaction, founder Charles Deyo transitioned to an investor and board role while Tim Sullivan took on day-to-day operational leadership; terms were not disclosed.

Buyers
Accel-KKR
Targets
Cendyn
Industry
Cloud & SaaS
Location
Florida, United States
Transaction Type
Growth capital

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