Tuesday, October 16, 2012

Accellos Gets Funding From Accel-KKR

Colorado Springs-based Accellos, which develops supply chain management software for SMBS, has scored a major investment from private equity firm Accel-KKR. Details of the investment were not announced. According to Accel-KKR, the funding gives it a majority equity stake in Accellos. Accellos is headed by Michael Cornell. Accellos serves small and midsized businesses with software used to manage their supply chain; the company says its has over 3,000 customers in 27 countries. Accellos was previously backed by Centennial Ventures, Monitor Clipper Partners, Murphree Ventures, Roynat Capital, and The Hillman Company. More information »