Accel-KKR, a global technology-focused investment firm, has made a strategic growth investment in Uptick, an Australian provider of field-servicing software for building compliance,.
Aidan Lister, CEO and founder of Uptick, will continue on as a major shareholder and CEO leading the company to achieve Uptick’s vision. Lister describes the vision as bringing service providers, auditors, building owners and facility managers onto a single platform to manage their maintenance and building compliance.
“I founded Uptick because I saw an enormous modernization opportunity to improve the way buildings are maintained,” Lister said “If we can improve the visibility of maintenance and compliance, we can improve the safety of billions of buildings, create enormous efficiency, and ultimately protect lives. With this investment from Accel-KKR, we will fuel growth internationally, grow our customer success capabilities and accelerate our ambitious product roadmap.”
This investment marks more than 15 equity investments in the ANZ region for Accel-KKR. Accel-KKR recently completed the sale of Newcastle-based global workforce software Pegasus Management to a US strategic buyer and the sale of Christchurch-based software firm Seequent to a Nasdaq-listed company for $1.1 billion in enterprise value.
“Building maintenance, safety and compliance is intricate and highly regulated,” said Phil Cunningham, operating executive at Accel-KKR “Uptick delivers a highly valued solution to building owners, managers, auditors and service providers by turning cumbersome steps and paperwork into digitized processes that save time and remove inefficiencies. We look forward to leveraging our deep experience in software growth to support Aidan and Uptick’s commitment to its customers through exceptional customer success and product innovations.”