Accel-KKR completed the acquisition of Springbrook Software from Accela for $148m.

Accel-KKR, a private equity firm, completed the acquisition of Springbrook Software, a provider of software solutions, from Accela, a government software solutions provider for $148m. "As we become an independent business, we are excited to partner with Accel-KKR, which focuses on software and tech-enabled businesses, and has a nearly 20-year track record in helping middle-market software firms like Springbrook grow. The acquisition by Accel-KKR brings continued focus and commitment in our core mission – more investment for our products and customer care, and expansion in our offerings so we can continue to build on what matters most: our customers," Max Schnoedl, Springbrook CEO.