Accel-KKR invests in Kimble Applications

Following the deal, the company will invest in product development, marketing activity and international expansion with a particular focus on the continental European, US and Canadian markets.

As part of the deal, Accel-KKR managing director Greg Williams and principal Maurice Hernandez will take seats on the Kimble board in the role of non-executive directors.

Accel-KKR is currently investing from its fifth fund, which held a final close on its hard-cap of $1.3bn in September 2015. In October 2017, the fund backed the management buyout of estate agent marketing and administration software developer Reapit.

Company
London-headquartered Kimble was founded in 2010 and is a developer of business data analytics software built on the Salesforce platform. It integrates client retention management and enterprise resource planning processes. According to a statement, 50% of the company's new product revenues were generated from the US and Canada in 2017.

People
Accel-KKR – Greg Williams (managing director); Maurice Hernandez (principal).
Kimble Applications – Sean Hoban (founder, CEO).

Advisers
Company – JEGI Clarity (corporate finance).

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• Expansion
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