target

Accela

bidder

Francisco Partners

vendor

Berkshire Partners

Synopsis

Francisco Partners, a private equity firm, completed the investment in Berkshire Partners-backed Accela, a provider of government software. Financial terms were not disclosed. "Today's announcement marks another notable milestone for Accela as we aim to advance the govtech industry. This new funding and partnership with Francisco Partners kick-starts our next chapter that's focused on elevating and expanding how we serve state and local governments. Francisco Partners' world-class technology expertise will parlay into investments designed to further simplify and streamline the government experience, and we are pleased to have the continued strong support of Berkshire Partners as we execute our growth strategy. Our mission remains the same: to be the heart of government, vital to the expansion of innovative, growing, and safe communities," Gary Kovacs, Accela CEO.