On Center Software today announced that Accel-KKR has made an investment in the company to accelerate its growth. Terms of the investment were not disclosed.
"As a technology-focused private equity firm, Accel-KKR believes there is substantial opportunity for expansion in software and services in the construction industry," stated Rob Palumbo, managing director at Accel-KKR.
The investment will help facilitate the company's ongoing market growth and broaden its portfolio offering of solutions within the lifecycle of construction automation.
On Center Software's current portfolio includes solutions from measurement to estimating to project tracking. Quick Bid set the standard in 1988 enabling contractors to easily, accurately, and consistently increase project win rates and profit margins. On-Screen
Takeoff started the electronic measurement market in 1994 scaling to support small contractors and global construction enterprises. In 2008, On Center introduced its patented technology, Digital Production Control, to help construction entities act on threats to bottom line profitability.
Whitehawk Advisory served as exclusive financial advisor to On Center Software in connection with the transaction.