by John Doe | Published on March 15, 2023
“Exciting Acquisition: Accel-KKR and Accertify Join Forces”
In a recent announcement, Accel-KKR, a prominent private equity firm specializing in software and technology-enabled services, unveiled its plan to acquire Accertify from American Express. The strategic move aims to foster growth and strengthen Accel-KKR’s portfolio in the cybersecurity and fraud prevention sector.
Accertify, a renowned provider of fraud prevention, chargeback management, and digital identity solutions, has been a subsidiary of American Express since 2010. With its advanced technology and expertise, the company has become a trusted partner for businesses in safeguarding against fraudulent activities, enhancing customer experience, and minimizing financial losses.
The acquisition by Accel-KKR signifies a significant milestone for both organizations. The partnership will enable Accertify to operate as an independent entity while leveraging Accel-KKR’s vast resources and industry knowledge to accelerate innovation and expand its global reach.
Commenting on the deal, John Smith, managing partner at Accel-KKR, stated, “We are thrilled to welcome Accertify to our family. This acquisition aligns perfectly with our strategy of investing in high-growth companies that provide critical solutions to businesses. Accertify’s leading-edge technology and exceptional team make it an ideal addition to our portfolio.”
Accel-KKR’s acquisition of Accertify is expected to create numerous opportunities for synergies and collaboration. It will drive research and development efforts to enhance cybersecurity measures and fraud detection capabilities further. Additionally, the partnership will empower Accertify to expand its product offerings and explore new markets, solidifying its position as a top-tier provider in the industry.
The financial terms of the deal have not been disclosed yet. However, both parties anticipate a seamless transition and are committed to supporting their existing customers during this process.
As the acquisition progresses, Accel-KKR and Accertify will work closely together to ensure a successful integration and unleash their collective potential. Industry stakeholders and clients can look forward to exciting advancements and next-generation solutions arising from this collaboration.
About Accel-KKR:
Accel-KKR is a leading private equity firm focused on investing in software and technology-enabled services companies. With a global presence and a proven track record, Accel-KKR partners with businesses to drive growth, scalability, and operational excellence. The firm’s portfolio includes companies across various industries, benefiting from its strategic guidance and extensive experience.
About Accertify:
Accertify, a subsidiary of American Express, is a recognized leader in providing cutting-edge fraud prevention, chargeback management, and digital identity solutions. The company’s innovative technology helps businesses protect their operations, customers, and bottom line by mitigating risks and enhancing security. Accertify’s comprehensive suite of solutions caters to a diverse range of industries worldwide.