The foremost name in construction automation, On Center Software, announced that Accel-KKR had placed an investment in the company for its future expansion plans. There was no information provided as to the size or the terms of the said investment.
According to Accel-KKR Managing Director Rob Palumbo, "As a technology based private equity firm, Accel-KKR believes there is a substantial opportunity for expansion in software and services in the construction industry. 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."
The invested funds would provide assistance for the company's ongoing growth plans and expand its portfolio of solutions within the industry of construction automation. On Center focuses on driving accuracy and profitable results for its merchants and clients, with an expert staff that drives software innovation, proactive customer support and client education.
For its part, On Center Software CEO Cecilia Padilla said, "For almost 25 years, On Center Software has continued to make the success of our customers our primary business. We are excited to be working with Accel-KKR to further expand our offering and continue driving more value to our clients."
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