StageAcquired | Acquired
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Latest Saber Consulting News
Jan 21, 2014
January 25, 2006 Menlo Park, CA and Salem, OR - January 25, 2006 - Accel-KKR today announced an investment in Saber Consulting, Inc., a leading provider of software solutions to state and local government entities across the country. Saber Consulting was founded by Nitin and Karan Khanna in 1997 as a family-owned enterprise headquartered in Salem, Oregon, with additional offices in Sacramento, California; Annapolis, Maryland; and Milwaukee, Wisconsin. The company offers both modifiable off-the-shelf (MOTS) software that addresses the cost, customization, implementation and support challenges facing state and local governments, as well as a range of pure custom development services. The company has deep customer relationships with more than 13 state and local government entities, providing software and services that underpin essential functions such as voter registration and election management, forms processing, and data collection/analytics for utility, healthcare and educational entities. Rob Palumbo, Managing Director of Accel-KKR said, "We are delighted to be partnering with Nitin and Karan Khanna and their outstanding management team. They are highly motivated entrepreneurs who share our vision and values. We believe that Saber will have tremendous opportunities in the public sector IT space for years to come, a potential that is already reflected in the company's reputation for technology innovation, outstanding customer service and strong, profitable growth. We look forward to providing Saber with the strategic, financial, and operational resources necessary to accelerate its growth and development. " Nitin Khanna, President and Chief Executive Officer of Saber Consulting, said, "We have found in Accel-KKR a number of key attributes that we felt were essential in a financial partner: Experience in the public sector IT space; a proven track record of partnering closely with familyowned businesses; and an unparalleled network of business relationships. Our entire management team is looking forward to capitalizing on the opportunities that lie ahead for our company. " Ben Bisconti, Managing Director of Accel-KKR, said, "We are pleased with our investment in Saber Consulting, which reflects our focus on well-run small and mid-sized family or closely held technology companies that are located outside of traditional technology corridors, and are well positioned for growth. This transaction follows our investment in August 2005 in Systems & Software, a family-run provider of software solutions for the public utility industry. Going forward, we will continue to pursue the strong opportunities we see in the fragmented public sector IT space. " Under the terms of the transaction, Nittin Khanna will continue to serve as Saber's President and Chief Executive Officer, and Karan Khanna will continue to serve as the company's Chief Operating Officer. In addition, Rob Palumbo, Ben Bisconti and Tom Barnds will join the company's Board of Directors, effective immediately. Financial terms of the transaction were not disclosed. About Accel-KKR Accel-KKR is a technology-focused private equity firm that invests primarily in technology businesses with $15 million to $150 million in revenue that are well positioned for top-line and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the contribution of unique financial, strategic, technical, and operational resources. Accel-KKR has a particular focus on the following transactions: Recapitalizations of family-owned or closely-held private companies, divisional buyouts of larger companies, and going-private transactions. For more information, please visit www.accelkkr.com . About Saber Consulting Saber, founded in 1997, is headquartered in Salem, OR, with offices in Sacramento, CA, Annapolis, MD, and Mequon, WI. The privately held company has deep customer relationships with state and local government entities across the country, providing software and services that underpin essential functions such as voter registration, election management and forms and document processing. The company also implements customized solutions incorporating standard software products to enable data collection and analytics for utility, healthcare, and educational enterprises. For more information, please visit www.saberconsulting.com . Contact: Joseph Kuo/Andrea Calise
Saber Consulting Frequently Asked Questions (FAQ)
What is Saber Consulting's latest funding round?
Saber Consulting's latest funding round is Acquired.
Who are the investors of Saber Consulting?
Investors of Saber Consulting include Electronic Data Systems and Accel-KKR.
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