-

Phocas Software receives strategic investment from Accel-KKR to fuel middle-market BI and FP&A innovation and growth

SYDNEY & MENLO PARK, Calif.--(BUSINESS WIRE)--Phocas Software, a leading Business Intelligence and Financial Planning & Analysis (BI and FP&A) platform for the middle-market, and Accel-KKR, a technology-focused investment firm, today announced that Accel-KKR has made a majority equity investment in the company. Terms of the transaction were not disclosed.

"Accel-KKR’s support gives us the resources and expertise to deliver even greater value to mid-market companies, helping them use data more effectively to drive growth." Myles Glashier, CEO and Co-Founder, Phocas Software

Share

Designed for manufacturing, distribution and retail businesses, Phocas connects to industry ERPs and consolidates data sources into a single platform, giving teams fast, accurate insights for planning, analysis and company-wide decision-making. In 2024, BARC the planning survey, recognized Phocas as a global leader in product innovation in both the BI and FP&A and middle-market categories.

With the Accel-KKR investment, the Phocas team is accelerating its global market expansion by investing in product development, customer success and partner services teams. In addition, Phocas is delivering on key product innovation initiatives, including integrated AI features that address the specific challenges of its customers.

Myles Glashier, co-founder and CEO of Phocas, said, “Accel-KKR’s support gives us the resources and expertise to deliver even greater value to mid-market companies, helping them use data more effectively to drive growth. It’s an exciting next chapter as we fast-track our plans and build on the trust we’ve earned with our customers.”

Dean Jacobson, Managing Director at Accel-KKR, said, “Middle-market businesses, like their larger peers, are seeking more efficient ways to work and Phocas’ purpose-built software platform provides them with new levels of visibility and control. Importantly, Phocas delivers mission-critical software with pre-built workflows tailored to the unique needs of different functional groups across key verticals. We are thrilled to partner with Myles Glashier and the Phocas team at this key point in the company’s growth.”

About Phocas

Every day, Phocas supports 2,800+ businesses globally to connect, understand and plan better together. Our technology is designed to help mid-market manufacturers, distributors and retailers explore data their way, so they can work smarter and more efficiently across analytics, rebates, budgets and forecasts and financial statements.
An all-in-one platform for BI and financial planning and analysis connects everyone with the information they need, when they need it. We make people feel good about data. Accredited as a B Corp in 2022, Phocas is headquartered in Sydney with offices in Melbourne, Costa Mesa, Reno, Coventry and Christchurch.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $23 billion in cumulative capital raised. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its partner companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London and Mexico City. To learn more, visit accel-kkr.com.

Contacts

Media Contacts

For Phocas Software:
Trene Walter, trene.walter@phocassoftware.com
+61 402 703 708

For Accel-KKR:
Todd Fogarty, todd.fogarty@kekstcnc.com

Phocas Software


Release Summary
Phocas Software, a leading BI and FP&A platform has secured a majority equity investment from Accel-KKR, a technology-focused investment firm.
Release Versions

Contacts

Media Contacts

For Phocas Software:
Trene Walter, trene.walter@phocassoftware.com
+61 402 703 708

For Accel-KKR:
Todd Fogarty, todd.fogarty@kekstcnc.com

Social Media Profiles
More News From Phocas Software

Phocas marks a decade as a Built for NetSuite (BFN) partner

COSTA MESA, Calif.--(BUSINESS WIRE)--Phocas Software celebrates its 10-year built for NetSuite partnership, providing joint mid-market customers with real-time data insights....

Tech Company Phocas Achieves a Global Zero Gender Pay Gap

COSTA MESA, Calif.--(BUSINESS WIRE)--Phocas Software, the global SaaS company specializing in Business Intelligence and Financial Planning and Analysis (BI and FP&A) has announced a zero gender pay gap based on average total remuneration for its global workforce of 286 employees this financial year ending 30 June 2024. This milestone is a significant achievement in the technology space which is traditionally male dominated. When Phocas was certified by B Corp, it received high marks for wor...

Phocas Software moves into financial planning and analysis (FP&A) category innovating on its business intelligence capability

COSTA MESA, Calif.--(BUSINESS WIRE)--Phocas achieves impressive results in BARC The Planning Survey 24 with its FP&A software built on a BI platform....
Back to Newsroom