Dec 11, 2025
Accel-KKR Credit Partners Provides Financing to CXT Software for e-Courier Acquisition
Menlo Park, CA, Austin, TX & Phoenix, AZ – Dec 11, 2025 – Accel-KKR Credit Partners announced today that it has provided acquisition financing to CXT Software (“CXT”), a leading provider of transportation management software (TMS) for couriers and shippers across North America. The financing supports CXT’s acquisition of e-Courier, a TMS provider in the last-mile delivery market. This strategic move unites two last-mile software platforms under one organization, nearly doubling the overall customer footprint and expanding shared R&D capacity. The combination positions the new organization for accelerated growth across last-mile logistics. CXT is backed by Ionic Partners, a software-focused private equity group based in Austin, TX.
Accel-KKR Credit Partners is a private credit fund managed by Accel-KKR, a global software-focused investment firm headquartered in Silicon Valley.
“By uniting CXT and e-Courier, we’re bringing together two world-class organizations with more than 50 years of combined software expertise serving couriers and shippers,” said Andy Tryba, co-founder of Ionic Partners and CEO of CXT Software. “Together, we’ll accelerate the creation of an autonomous, intelligent logistics platform—one that not only masters today’s challenges but anticipates and solves tomorrow’s.”
As the demand for faster, dynamic, more transparent delivery continues to accelerate, so does the need for assistive and automated solutions for scalability. Together, CXT and e-Courier will combine the strongest features from each platform – AI-driven routing and dispatch, specialized courier workflows, robust integrations, powerful analytics and customer portals, built on a modern cloud platform with SOC 2 compliance, providing optimal performance, security, and scale.
“Customers chose e-Courier for our reputation, flexibility and ability to provide visibility and support unique workflows across millions of critical deliveries,” said Lauren King, CEO of e-Courier. “Joining forces with CXT preserves that strength and flexibility while accelerating our investment in innovation and AI that delivers smarter, faster, and more predictive solutions to help courier and shipper customers in every area of their business.”
“CXT and e-Courier have a long history of being critical technology partners to their customers,” said Samantha Shows, Managing Director at Accel-KKR. “We are pleased to support the financing that bring these businesses together and accelerate their product roadmap to meet the evolving needs of the specialized courier space.”
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About CXT Software:
CXT Software is the industry-leading transportation management platform for logistics needs throughout North America. The company provides courier, last-mile, LTL, distribution, and customized logistics businesses with the technology and support services necessary to compete and grow in the ever-evolving delivery industry. CXT Software is headquartered in Phoenix, Arizona, and has been a trusted logistics partner to thousands of businesses for 25 years.
About e-Courier:
e-Courier is an end-to-end logistics platform built specifically for last mile couriers, shippers (pharmacies, hospitals, retailers) and 3PLs. With 25+ years of industry expertise, we simplify and automate last-mile delivery operations, enhancing visibility and ensuring compliance.
About Ionic Partners:
Ionic Partners is a global enterprise software investment firm led by seasoned operators, dedicated to acquiring and scaling enterprise software companies. Through hands-on partnership, strategic investment, and world-class operational best practices, Ionic Partners unlocks new opportunities and drives accelerated growth.
About Accel-KKR:
Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline 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 alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, and London. Visit accel-kkr.com to learn more.
About Accel-KKR Credit Partners:
Accel-KKR Credit Partners provides debt financing to leading software businesses. The fund structures non-dilutive investments for founder-owned businesses and flexible credit products for institutionally owned businesses. The debt capital is used to support acquisitions, dividends, shareholder buy-backs, and growth investment. Accel-KKR Credit Partners has completed over 80 investments and deployed $1.5 billion in capital.
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