Accel-KKR’s acquisition of minority interest in Kimble Applications, the global leader in professional services automation (PSA)

Kemp Little has advised Kimble Applications, the global leader in professional services automation (PSA) on its investment from Accel-KKR, a leading Silicon Valley technology focused investment firm.

Kimble, a SaaS-based software built on the Salesforce Platform, enables professional services firms to manage their businesses, delivering efficiency, scalability and forward visibility. Kimble is the first PSA software to integrate augmented intelligence into its analytics, allowing customers to identify patterns in performance data and recommending likely remedies.

The investment will enable Kimble to increase product development and marketing and grow sales in the US and Canada. More than 50 per cent of new product revenue came from North America last year.

The Kemp Little team was led by corporate partner Andy Moseby (picture) with support from corporate senior associate Adam Kuan and corporate associate John Alder. Amanda Solomon, head of the Kemp Little tax team, also advised.

JEGI Clarity acted as corporate finance advisors to Kimble.

Accel – KKR was advised by DLA Piper with a team led by Corporate partner Anu Balasubramanian with assistance from Intellectual Property & Technology partner Anthony Day, Corporate senior associate John Pryor and Corporate associate Ben Simon.

Involved fees earner: Andy Moseby – Kemp Little; Adam Kuan – Kemp Little; John Alder – Kemp Little; Amanda Solomon – Kemp Little; Anu Balasubramanian – DLA Piper; John Pryor – DLA Piper; Benjamin Simon – DLA Piper; Anthony Day – DLA Piper;

Law Firms: Kemp Little; DLA Piper;

Clients: Accel-KKR LLC; Kimble Applications;