Texas-based On Center Software announced that Accel-KKR has made an investment in the company to accelerate its growth. The terms of the investment were not disclosed.
“As a technology-focused private equity firm, Accel-KKR believes there is substantial opportunity for expansion in software and services in the construction industry,” stated Rob Palumbo, managing director at Accel-KKR. “When selecting companies to invest in, Accel-KKR considers a number of factors including the depth and strength of an organization’s customers, its technology, and its employees. On Center excels above others in the market.”