Accela, a San Ramon, CA-based provider of cloud solutions for government, received a strategic growth investment from Francisco Partners.
The amount of the deal was not disclosed. Berkshire Partners will remain a significant investor with an equal equity holding in Accela.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Gary Kovacs, Accela provides a unified suite of cloud solutions used by governments across the globe to accelerate their digital transformation, deliver services, and build communities. The company offers agile, purpose-built solutions and a platform that provides users with a consumer-like experience, shares data across departments, and ensures security. 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.
FinSMEs
07/09/2023