Phocas Software receives strategic investment from Accel-KKR

As a leading Business Intelligence and Financial Planning & Analysis (BI and FP&A) platform for the middle-market we are to excited to share Accel-KKR, a technology-focused investment firm has made a majority equity investment in the company. Terms of the transaction are not disclosed.

Designed for manufacturing, distribution and retail businesses, Phocas connects to industry ERPs and consolidates data sources into a single platform, giving teams fast, accurate insights for planning, analysis and company-wide decision-making. In 2024, BARC the planning survey, recognized Phocas as a global leader in product innovation in both the BI and FP&A and middle-market categories.

With the Accel-KKR investment, the Phocas team is accelerating its global market expansion by investing in product development, customer success and partner services teams. In addition, Phocas is delivering on key product innovation initiatives, including integrated AI features that address the specific challenges of its customers.

Myles Glashier, co-founder and CEO of Phocas, said, “Accel-KKR’s support gives us the resources and expertise to deliver even greater value to mid-market companies, helping them use data more effectively to drive growth. It’s an exciting next chapter as we fast-track our plans and build on the trust we’ve earned with our customers.”

Dean Jacobson, Managing Director at Accel-KKR, said, “Middle-market businesses, like their larger peers, are seeking more efficient ways to work and Phocas’ purpose-built software platform provides them with new levels of visibility and control. Importantly, Phocas delivers mission-critical software with pre-built workflows tailored to the unique needs of different functional groups across key verticals. We are thrilled to partner with Myles Glashier and the Phocas team at this key point in the company’s growth.”