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Over an eight-year partnership with Accel-KKR, TrueCommerce (originally known as Accellos) transformed itself from a middle-of-the-pack, regional player with a mix of supply chain and business connectivity software into a holding company serving a list of well-recognized customers including Siemens, Danone and Hubbell.
During the investment period, TrueCommerce grew revenues and profitability.
Accellos Holdings was founded in Colorado Springs by three friends and colleagues: Mike Cornell, Flint Seaton and Ross Elliott.
At the time of Accel-KKR’s investment in 2012, Accellos Holdings served small- and medium-sized businesses with warehouse management software, logistics management software (e.g., trucking software) and business connectivity software (connecting ERP systems to EDI networks).
Between 2012 and 2020, Accellos worked closely with Accel-KKR to drive organic and inorganic growth, and dramatically transformed its business along the way:
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