Accel-KKR Leads Merger of Mavenlink and Kimble Applications to Form Kantata
May 16, 2022
Accel-KKR led the merger of Mavenlink and Kimble Applications to create Kantata, a combined vertical Cloud & SaaS provider of professional services automation. Michael Speranza was named CEO of the new company, which will combine product capabilities and go-to-market efforts (the combined business counts nearly 600 employees and serves over 2,000 clients); existing investors including Carrick Capital Partners and Goldman Sachs remain investors.
- Buyers
- Accel-KKR, Carrick Capital Partners, Goldman Sachs
- Targets
- Mavenlink, Kimble Applications
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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