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Specialist in cloud-based label solutions, Loftware, has announced a new venture
Cloud-based enterprise labelling and artwork management solutions company, Loftware, has secured investment from Accel-KKR, a global technology-investment firm.
Accel-KKR will join current investor Riverside Partners, which invested in July 2014 and has seen Loftware grow through its innovations, global expansion, and three strategic acquisitions.
Chief executive officer and president of Loftware, Robert O’Connor, says: “Riverside Partners has been an invaluable advisor and supporter as we pursued growth in the past several years, and we are delighted that they will remain a significant investor in our business.”
“We are equally excited to welcome Accel-KKR to Loftware. Now backed by not just one but two leading technology investors, we are poised to do even more for our customers, partners, and employees as we accelerate our global growth plans.”
Loftware has been in business for over 35 years, serving over 100,000 customers and 1,000 partners with their high-volume labelling needs.
“Since our initial investment in 2014, Loftware has gone from strength to strength, delivering solutions that drive the category forward and stay one step ahead of customer needs,” adds David Belluck, general partner at Riverside Partners.
“We are tremendously proud of what the talented team at Loftware has accomplished, and we’re thrilled to welcome Accel-KKR alongside us in this next phase of the company’s journey.”
A technology-focused investment firm, Accel-KKR has $18bn (£14.5m) in cumulative capital commitments and focuses on middle-market companies. The firm provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives.
Park Durrett, managing director at Accel-KKR comments: “Loftware’s solutions are mission critical and will continue to grow in importance as traceability and compliance become even more crucial to the supply chain ecosystem.
“We appreciate the confidence and trust that Loftware and Riverside Partners have placed in us as a financial partner, and we look forward to bringing Accel-KKR’s dedicated resources and supply chain experience to help the company continue to innovate and deliver best-in-class solutions that meet the market’s evolving needs.”
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