Accel-KKR has acquired a majority equity stake in Phocas Software, a leading BI and FP&A platform, to accelerate its global growth and innovation initiatives.

Target Company Overview

Phocas Software is a prominent Business Intelligence (BI) and Financial Planning & Analysis (FP&A) platform tailored for middle-market enterprises, primarily in the manufacturing, distribution, and retail sectors. The platform seamlessly integrates with industry-specific ERP systems, consolidating disparate data sources into a cohesive interface that empowers teams to gain quick and accurate insights for strategic planning, analysis, and decision-making. In 2024, Phocas was recognized as a global leader in product innovation by BARC's planning survey, earning accolades in both the BI and FP&A categories.

Phocas caters to over 2,800 businesses worldwide, providing them with the tools to better understand and leverage their data. Its all-encompassing platform is designed to enhance operational efficiency across analytics, budgeting, forecasting, and financial reporting, ensuring that users have access to essential information precisely when they need it. The company, which became an accredited B Corp in 2022, boasts headquarters in Sydney and additional offices in Melbourne, Costa Mesa, Reno, Coventry, and Christchurch.

Industry Overview

Australia's technology landscape is thriving, with growing demand for innovative solutions that enhance operational efficiency across various sectors. The middle market, comprising businesses with revenues between $10 million and $1 billion, faces unique challenges in