BOW RIVER CAPITAL'S SOFTWARE GROWTH EQUITY TEAM MAKES MAJORITY PLATFORM INVESTMENT IN ACCELO, A COMPREHENSIVE SAAS PSA PLATFORM FOR PROFESSIONAL SERVICES ORGANIZATIONS
DENVER, Feb. 29, 2024 /PRNewswire/ -- Bow River Capital, a Denver-based alternative asset manager, announced today that its Software Growth Equity (SGE) Team has been selected by Accelo to partner in its next phase of scale, software and AI innovation. Founded 15+ years ago, Accelo's cloud-based system is an industry leading Professional Services Automation (PSA) suite to enable strategic insights, accurate and real-time decision-making, and best-in-class execution for all sizes of professional services organizations and their respective markets.
- Founded 15+ years ago, Accelo's cloud-based system is an industry leading Professional Services Automation (PSA) suite to enable strategic insights, accurate and real-time decision-making, and best-in-class execution for all sizes of professional services organizations and their respective markets.
- Charles Chen, Partner at Level Equity said of the transaction, "We have high conviction in Accelo's future and are thrilled to partner with Bow River Capital to unlock the potential value ahead.
- We're excited to participate in Accelo's next chapter of global growth with John Raeder and team."
- Morrison & Foerster LLP served as legal counsel to Bow River Capital's Software Growth Equity Team on the transaction.