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

Accel-KKR-backed Siigo, a developer of accounting software intended for business administration, completed the acquisition of Aspel, an administrative, accounting and finance ERP software company. Financial terms were not disclosed. “The success of our solutions in multiple Latin American countries is a validation of our growth strategy, which is attuned to the current market need for an intuitive yet powerful ERP platform designed specifically for SMEs. We are focused on bringing together the best people and the best technology all over Latin America to drive innovation for our customers and boost our growt. We are constantly improving our platform as we expand and will be bringing even more features and capabilities to Aspel’s distributors and customers who join over 300k SME’s already using our cloud software in South America,” David Ortíz, Siigo CEO.