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Accela Accelerates With Growth Funding

Monday, March 2, 2015 5:31:00 AM PDT | VentureDeal
   San Ramon, California  --  Software developer Accela has secured $143.5 million in growth stage financing.

Accela has developed software systems that help government "connect with citizens and streamline processes related to land management, asset management, licensing and public health and safety."

ABRY Partners (Tyler Wick) led the round, which also included Landmark Growth Capital Partners, JP Morgan and Karlani Capital.

Accela said it would use the funds to further develop its cloud platform, scale its sales efforts and expand its Civic Platform capabilities.

The company is headed by Maury Blackman, who became CEO in 2007.

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