Mavenlink and Kimble Applications have agreed to merge in an attempt to connect deep domain expertise and purpose-built services for professional organizations.
Accel-KKR, a technology focused private equity firm, will be the majority investor in the combined firm. Going forward, existing investors in the two firms like Carrick Capital Partners and Goldman Sachs, will continue to be investors.
The merger combines two fast growing players in the technology targeting professional services vertical. The firm’s new complementary portfolio of SaaS services will assist professional services in managing complex workflows and improve strategic planning. The firms will provide clients with a selection of best-fit services that meets each businesses needs.
“Mavenlink’s and Kimble’s shared vision to help professional services organizations replace legacy resource and work management applications with purpose-built technology directly aligns with our investment focus on mission-critical applications and solutions,” said Tom Barnds, co-managing partner of Accel-KKR.