The investment partnership combines the deep domain experience and strong track record of Reapit’s existing management team with Accel-KKR’s strategic expertise working with high-growth technology companies. The supplied press release indicated the partnership will enable Reapit to accelerate its growth and innovation, enhance products and services, and expand its technology offering.
The Reapit senior management team will continue to be led by Gary Barker (CEO), Simon Whale (Sales Director) and Matthew Goddard (Client Services Director). The business, which is headquartered in London, services its customers from offices in Melbourne and across the United Kingdom.
“We have recently launched Trust Accounting across sales and rental as part of our integrated solution. This investment will allow us to further scale our development capabilities and deliver new and exciting solutions. We plan to create new technological and digital innovations that will enable our clients to more effectively grow revenues, save costs and address a continually evolving legislative landscape,” commented Gary Barker, the CEO of Reapit.
“Accel-KKR has sought to work with management teams who are both clear leaders in their industry and passionate about providing great service and technology to their customers,” said Park Durrett, Managing Director at Accel-KKR. “We look forward to working with the Reapit team to grow and extend its product leadership with the leading estate and letting agencies across the UK and Australia.”
“Gary, Simon and Matt have built a business well-positioned for further growth with both large, multi-office agencies and with smaller agencies” added Maurice Hernandez, Principal at Accel-KKR. “Accel-KKR’s investment in Reapit further solidifies our longstanding commitment to support leading software companies in their growth plans.”