www.accela.com
Open in
urlscan Pro
2620:12a:8000::4
Public Scan
Submitted URL: https://go.accela.com/ODI1LUZBWi00OTEAAAGOCk-hn_9WV0MhHVQKShAGesPvpVT1Rm2pyBthpEPu8ijo3Snmn2gfBHclUwOMv4JJgQaP6kI=
Effective URL: https://www.accela.com/press-releases/accela-advances-momentum-with-new-strategic-investment-from-francisco-partners/?m...
Submission: On September 06 via manual from US — Scanned from DE
Effective URL: https://www.accela.com/press-releases/accela-advances-momentum-with-new-strategic-investment-from-francisco-partners/?m...
Submission: On September 06 via manual from US — Scanned from DE
Form analysis
1 forms found in the DOMGET /
<form action="/" method="get" class="d-flex flex-column align-items-center">
<div class="search-icon"><!--?xml version="1.0" encoding="utf-8"?-->
<!-- Generator: Adobe Illustrator 26.3.1, SVG Export Plug-In . SVG Version: 6.00 Build 0) -->
<svg version="1.1" id="search_white_24dp" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 17.5 17.5" style="enable-background:new 0 0 17.5 17.5;" xml:space="preserve">
<style type="text/css">
.st0 {
fill: none;
}
.st1 {
fill: #A4B5C6;
}
</style>
<path id="Path_468" class="st0" d="M-3-3h24v24H-3V-3z"></path>
<path id="Path_469" class="st1" d="M12.5,11h-0.8l-0.3-0.3c2.3-2.7,2-6.8-0.7-9.2s-6.8-2-9.2,0.7s-2,6.8,0.7,9.2
c2.4,2.1,6,2.1,8.5,0l0.3,0.3v0.8l5,5l1.5-1.5L12.5,11z M6.5,11C4,11,2,9,2,6.5S4,2,6.5,2S11,4,11,6.5S9,11,6.5,11L6.5,11z"></path>
</svg>
</div>
<label for="search-terms" class="visually-hidden" id="searchModalLabel">Search terms</label>
<input id="search-terms" name="s" class="modal-input form-control form-control-lg mt-5" placeholder="What can we help you find?" required="">
<button class="btn btn-primary mt-5" type="submit">Search</button>
</form>
Text Content
Skip to main content * Accelarate 2023 * Community * Support * Dev Portal * Contact Us Request a demo * Solutions * * * BUILDING COMMUNITIES * Building * Planning * Service Request Management * * GROWING BUSINESS * Business Licensing * Occupational Licensing * Alcoholic Beverage Control * Short-Term Rental * Cannabis Regulation * * PROTECTING CITIZENS * Environmental Health * Fire Prevention * Disaster Recovery * COVID-19 * * AGENCY TYPE * City * * * View all solutions * Platform * * * TECHNOLOGY * Platform * Latest Release * SaaS * Security * Premium Citizen Experience * Data and Analytics * Enterprise Deployment * Services * * * SERVICES * Managed Application Services * Professional Services * Technical Support * Training * Resources * * * RESOURCES * White Papers * Success Stories * Webinars * Videos * Blog * Events * Resources * CIO * FAQ * About Us * * * ABOUT * Company Overview * Why Accela * Leadership * Partners * Customers * Press Releases * News * Careers * Contact Us Return to Press Releases ACCELA ADVANCES MOMENTUM WITH NEW STRATEGIC INVESTMENT FROM FRANCISCO PARTNERS 6 September 2023 Capital infusion to fuel Accela’s growth building on its strong fiscal year 2023 performance San Ramon, Calif. (September 6, 2023) – Accela, the trusted provider of cloud solutions at the heart of government, today announced a strategic growth investment from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Berkshire Partners will remain a significant investor with an equal equity holding in Accela. Financial terms of the transaction 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,” said Gary Kovacs, CEO of Accela. “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.” Serving more than 300 million citizens worldwide and delivering strong 2023 fiscal year momentum, Accela offers agencies a unified suite of cloud solutions and a single cloud-based platform to accelerate government modernization, deliver critical services, and build stronger communities. Accela’s Civic Platform powers major state and local governments, streamlining the internal and residential government experience for Dallas, Texas; Seattle, Washington; the State of California; Abu Dhabi; cities and counties across Florida; and more. “Accela has been a foundational leader in the govtech space for decades and has demonstrated impressive double-digit growth quarter over quarter—a reflection of their strong brand reputation, competitive differentiation and unbreakable customer relationships,” said Andrew Kowal, partner at Francisco Partners. “Accela’s combination of low-code cloud-based solutions on a single robust platform is transforming the digital government experience. We’ve been impressed with Accela’s industry impact for some time, and we look forward to helping them provide even more value to their government customers,” added Jason Brein, partner at Francisco Partners. “Since our partnership began in 2017, we’ve seen significant growth in Accela’s ability to serve local and state agencies with increasingly essential government technology solutions,” said EJ Whelan, managing director at Berkshire Partners. “Accela’s outstanding leadership team continues to advance this industry-leading technology that helps governments better serve residents and businesses in their communities,” added Jon Nuger, managing director at Berkshire Partners. “We welcome Francisco Partners to the team and look forward to collaborating to support Accela’s growth within the rapidly advancing govtech industry.” The government technology industry has seen record growth in the past year with the global cloud market for government expected to reach $49.2 billion by the end of 2023. As communities tackle staffing shortages and new challenges such as adapting infrastructure for extreme weather, digital solutions allow local and state governments to break down agency siloes to streamline critical constituent services—such as permitting, licensing, code enforcement and more. High-quality digital services, in turn, lead to more satisfied constituents and more resilient communities. Baird served as financial advisor to Accela and Berkshire Partners, and Shea & Company served as financial advisor to Francisco Partners. ABOUT ACCELA Accela provides a unified suite of cloud solutions trusted by governments across the globe to accelerate their digital transformation, deliver vital services, and build stronger communities. More than 300 million citizens worldwide benefit from Accela’s government software solutions. The company offers agile, purpose-built solutions and the power of a platform that provides users with a consumer-like experience, shares data across departments, and ensures world-class security. The company is a four-consecutive year Microsoft US Partner Award winner, a recipient of Inc.’s Best in Business for SaaS award, and was selected by Fast Company for its World Changing Ideas Award in 2022. For more information, visit www.accela.com. ABOUT FRANCISCO PARTNERS Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com. ABOUT BERKSHIRE PARTNERS Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm’s private equity team invests in well-positioned, growing companies across technology & communications, consumer, healthcare, and services & industrials. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. The firm’s public equity group, Stockbridge, founded in 2007, manages a concentrated portfolio seeking attractive long-term investments. The firm’s Stockbridge and Private Equity teams frequently collaborate and leverage their collective industry expertise across sectors. For additional information, visit www.berkshirepartners.com. MEDIA CONTACTS Accela: Courtney Bonness, courtney@riffcitystrategies.com Francisco Partners: Whit Clay, wclay@sloanepr.com / Sarah Braunstein, sbraunstein@sloanepr.com Berkshire Partners: Greg Winter, gwinter@berkshirepartners.com MEDIA CONTACT Valerie Carlson Accela vcarlson@accela.com © 2023 Accela, Inc. 2633 Camino Ramon, Suite 500 San Ramon, CA 94583 * Privacy Policy * Terms of Use * SOLUTIONS * Building * Planning * Fire Prevention * Business Licensing * Occupational Licensing * Cannabis Regulation * Short Term Rental Registration * Environmental Health * Alcoholic Beverage Control * COVID-19 Response * Service Request Management * RESOURCES * Solution Overviews * Infographics * Videos * Webinars * Success Stories * White Papers * CIO * FAQ * ABOUT * Accela Overview * Press Releases * Blog * News * Leadership * Careers * Contact Us * Customers * Partners * Events * MORE * Agency Types * SaaS * Platform * Latest Release * Community * Support * Developer Portal Return to top Search terms Search Menu * Solutions * Platform * Services * Resources * About Us * Accelarate 2023 * Community * Support * Dev Portal * Request a demo Menu * Building Community * Growing Business * Protecting Citizens * Agency Type Menu * Building * Planning * Service Request Management Menu * Business Licensing * Occupational Licensing * Alcoholic Beverage Control * Short Term Rental * Cannabis Regulation Menu * COVID-19 * Fire Prevention * Environmental Health Menu * City Menu * Platform * Latest Release * SaaS * Security * Premium Citizen Experience * Data Analytics * Enterprise Deployment Menu * Managed Application Services * Professional Services * Technical Support * Training Menu * White Papers * Success Stories * Webinars * Videos * Blog * Events * Resources * CIO Menu * Company Overview * Why Accela * Leadership * Partners * Customers * Press Releases * News * Careers * Contact Us