March 28, 2023
Accel-KKR's investment in Loftware enhances digital transformation and cloud migration opportunities for customers and partners
SVP Marketing & Product Management
We’re thrilled to share the news that Accel-KKR, a leading technology-focused investment firm, has made a growth equity investment in Loftware. As a result, the company will join existing investor Riverside Partners in supporting Loftware’s future growth.
What does this mean for Loftware?
Accel-KKR, Riverside Partners, and Loftware share a vision for our future as the global leader in Enterprise Labeling and Artwork Management. Importantly, Accel-KKR’s significant expertise in software and supply chain technology will help us better serve our customers and partners. Both Riverside and Accel-KKR are excited to support growth, enhance and expand our industry-leading product and service offerings, and help execute our key strategic initiatives.
Commenting, Bob O’Connor, Loftware President and CEO, said: “Riverside Partners has been an invaluable advisor and supporter as we pursued growth in the past several years, and we are delighted that they will remain a significant investor in our business. We are equally excited to welcome Accel-KKR to Loftware. Now backed by not just one but two leading technology investors, we are poised to do even more for our customers, partners, and employees as we accelerate our global growth plans.”
Through this investment, Loftware will gain access to Accel-KKR’s network of portfolio companies, comprised of over sixty software businesses today, all of whom are focused on software growth and innovation.
Park Durrett, Managing Director at Accel-KKR, added: “Loftware is in a class of its own in the Enterprise Labeling and Artwork Management industry. Loftware’s solutions are mission critical and will continue to grow in importance as traceability and compliance become even more crucial to the supply chain ecosystem. We appreciate the confidence and trust that Loftware and Riverside Partners have placed in us as a financial partner, and we look forward to bringing Accel-KKR’s dedicated resources and supply chain experience to help the company continue to innovate and deliver best-in-class solutions that meet the market’s evolving needs.”
How will this benefit our customers and partners?
Riverside Partners invested in Loftware in July 2014 and supported the company’s continued innovation, three strategic acquisitions, and accelerated global growth. During this period, Loftware solidified its position as the cloud-based global leader with deep expertise across a broad range of sectors including regulated industries. Delivering end-to-end solutions for customers of all sizes, we expanded our strong direct go-to-market capabilities by adding channel sales and a strong alliance and partner program, as well as growing our European footprint.
Backed by these two leading technology investors, Loftware is poised to do even more. Our commitment remains unchanged, and our customers will continue to benefit from exciting product plans as well as the industry’s best support. This investment is a commitment to bring more resources and focus to the table to accelerate existing plans and continue with our roadmaps to drive the initiatives that are specifically designed to accelerate our customers’ digital transformation, journey to the cloud, and labeling and/or Artwork Management – all in the mission of growing their business.
More about Accel-KKR
Accel-KKR is a technology-focused investment firm with over $18 billion in cumulative capital commitments. The company is exclusively focused on backing market leading enterprise software and technology businesses with mission critical solutions. Founded in 2000, Accel-KKR was one of the first private equity firms to focus on software, and as of today they have invested in 350+ software companies. They are active globally with investments in North America, Europe, Latin America, and ANZ, with portfolio company operations in over 40 countries and growing.
Learn more about this exciting announcement here.
- Company News