July 19, 2018 | Announcements

GCA Advises Acumatica on Its $25M Series C Preferred Stock Financing

We are pleased to announce we advised Acumatica, the world’s fastest-growing cloud ERP company, on a $25 million Series C Preferred Stock financing. The round was led by institutional investor Accel-KKR, a prominent Silicon Valley technology-focused investment firm, and existing investors. Acumatica will use this investment to further accelerate its rapid growth in the $28 billion cloud ERP market and help extend its lead in AI, machine learning and cloud/SaaS technologies for business management and financial applications.

A disruptive force in the ERP (Enterprise Resource Planning) space, Acumatica is built on cloud and mobile technology and offers a unique customer-centric licensing model. Acumatica delivers a complete real-time view of clients’ businesses through a suite of fully integrated business management applications including Financials, Project Accounting, Commerce, Manufacturing, Field Service, Construction and CRM that are accessible anytime, anywhere, on any device. The company’s suite of products delivers the benefits today’s businesses require in their ERP system, helping them control inventory, increase productivity, connect anywhere, adapt to change, improve cash flow and respond to requests quickly.

“We’re very pleased to be partnering with Accel-KKR as we continue to grow and expand into vertical industries,” said Jon Roskill, CEO of Acumatica. “Accel-KKR not only brings the capital required to drive Acumatica’s growth, but also additional recruiting and expansion resources to support us in executing our plans. This funding will help in our quest to improve how midmarket businesses operate and deliver value to their customers and provides Acumatica with a path to profitability.”

GCA acted as exclusive financial advisor to Acumatica in connection with this transaction.

This is our latest software transaction, as we recently advised ResDiary on its sale to AccorHotels, FieldEdge on its sale to Advent and NorthEdge on its investment in Cloud Technology Solutions.

About GCA
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.

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