Accel-KKR’s Humanforce to acquire AirTree-backed software company

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 90%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Tech sector M&A is continuing to heat up, and the latest deal will result in one of AirTree Ventures’ portfolio companies heading to a new owner.

A continues to heat up thanks to the tight capital markets, with the latest deal seeing one of AirTree Ventures’ portfolio companies headed to a new owner.Humanforce, majority owned by renowned Silicon Valley-based private equity investor Accel-KKR,Humanforce CEO Clayton Pyne has made his first acquisition since Accel-KKR bought a majority stake in the business in May.

“It’s no secret that growth is always valued, but profitability is now the big game in town. We have a strong, profitable and growing business at Humanforce, and we see an opportunity to lean in and be a force in the consolidation of the market.”will stay on as a consultant with the business for a few months to aid the transition, but will then exit the business. The company will also undertake a strategic review of the business and assess where there could be staffing double-ups.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Accel-KKR’s Humanforce to acquire AirTree-backed software companyTech sector M&A is continuing to heat up, and the latest deal will result in one of AirTree Ventures’ portfolio companies heading to a new owner.
Source: FinancialReview - 🏆 2. / 90 Read more »