Menlo Park, CA & New York, NY – October 28, 2021 – Accel-KKR Credit Partners announced today that it has provided debt financing to support the next stage of growth for Xtiva Financial Systems, Inc., the leading sales performance software for financial service firms. Accel-KKR Credit Partners is a credit fund managed by Accel-KKR, a leading global software-focused investment firm headquartered in Silicon Valley.
Xtiva has been a trusted technology partner to the financial services industry for over two decades. The company’s new cloud-based, multi-tenant SaaS platform delivers a single system of record for managing the critical functions that drive leading business performance: incentive program and compensation, business performance intelligence, practice management, sales enablement and talent management. Xtiva has leveraged its sector expertise to become the leading incentive compensation tool for the wealth management and financial services industry, and the new products will enable financial service firms to set, track and outperform targets using technology, automation and analytics.
“We are proud of our longstanding customer relationships and deep history with the wealth management industry,” said Thomas Moysak, CEO of Xtiva. “In recent years, wealth management firms have become more tech-enabled and data-driven, and this financing from Accel-KKR will allow us stay ahead and bring new functionalities to our customers. Our latest solutions provide the tools and resources that firm executives need to confidently to grow their business in this competitive market.”
“Xtiva’s subject matter expertise distinguishes them among the industry,” said Samantha Shows, Managing Director at Accel-KKR. “They have demonstrated their commitment by expanding product offerings that cater to the unique needs of the financial services industry, rather than by extending horizontally. The team has built an impressive business, and we are pleased to support them in their next chapter of their growth.”
Xtiva Financial Systems provides the leading sales performance management (SPM) and incentive compensation management (ICM) systems for the financial services industry. Xtiva’s cloud-native SPM product suite enables financial organizations to drive scalable performance improvement through business intelligence, sales enablement, talent management, and incentive compensation software. Approximately 90 financial service enterprises use Xtiva’s software and services and support to maximize their salesforce investments and business performance. Xtiva’s customer success team is dedicated to ensuring its customers and their partners achieve more every day. Learn more at xtiva.com
Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and IT-enabled services businesses that are 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 a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. For three consecutive years between 2019 and 2021, Inc. named Accel-KKR to “PE 50: The Best Private Equity Firms for Entrepreneurs”, an annual list of founder-friendly private equity firms. In 2021, AKKR was named among “The Top 25 Private Equity Firms for Growth Companies of 2021” by GrowthCap Advisory. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. To learn more, visit accel-kkr.com.
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 investments. Accel-KKR Credit Partners has completed over 40 investments and deployed nearly $600 million in capital.