Accel-KKR-backed Siigo completed the acquisition of Memory.

Accel-KKR-backed Siigo, a ERP software company, completed the acquisition of Memory, ERP software company. Financial terms were not disclosed. The combined businesses of Siigo and Memory serve a common goal of bringing leading cloud-based technology in accounting, administrative and electronic invoicing software to an estimated market of more than 1m SMBs and more than 300k accountants throughout Latin America. "While we take great pride in what we have accomplished over the past 35 years, we are excited to become part of the Siigo family and believe that our partnership will do great things, not only for Memory, but for all of Uruguay and beyond. With support from Siigo and Accel-KKR, we are eager to realize continued innovation and development as we seek to deliver the best products in the market for our valued customers," Roni Lieberman, Memory CEO.