Clevest Closes Growth Equity Funding Led by Accel-KKR to Accelerate Product Innovation and Market Share Growth
Vancouver, BC, July 15, 2015—Clevest Solutions Inc. – a leading provider of mobile workforce
automation software including smart grid operations – has announced it has raised growth equity
financing led by Accel-KKR, with Vancouver City Savings Credit Union (Vancity) also participating in this
round.
The infusion of capital comes at a time of good business momentum for Clevest. The company recently
released a new version of its flagship Mobile Workforce Management product, and has achieved
widespread customer adoption of its latest product releases.
“Securing equity funding from Accel-KKR, a leading Silicon Valley based private equity firm, is strong
affirmation of the growth prospects and market leadership for Clevest,” explained Thomas Ligocki,
President and CEO, Clevest. “This is also the second round of financing from financial cooperative
Vancity, re-affirming their continued support of our mission to promote environmental sustainability.
The combined backing from these partners will allow us to continue to invest in innovation as well as
successfully grow and expand our markets.”
“Accel-KKR has a track record of backing market leaders with deep vertical expertise and enterprise
technology solutions,” stated Greg Williams, Managing Director, Accel-KKR. “We see significant
opportunities for growth based on Clevest’s innovative utility-specific software solutions.”
Clevest’s award-winning mobile platform has created significant value for its 150+ customers worldwide
and has generated interest from utilities across the globe – from some of the world’s largest to many
rural electric cooperatives. Recent accolades include the Microsoft Application Innovation Developer
Award, Smart Grid Product of the Year Award and Clean Tech Award for Best Smart Energy Solution.
About Clevest
Clevest provides software for mobile workforce automation and smart grid operations exclusively for
electric, gas and water utilities. Over 150 utilities worldwide have chosen Clevest to transform their field operations by harnessing the power of our software and deep domain knowledge of mobile computing
and utility operations. Clevest’s award-winning platform powers a product suite that includes mobile
workforce management, real-time automated vehicle location, meter reading solutions and patentpending
configuration technology, as well as the only complete solution for smart grid deployment
operations and maintenance activities. For more information visit www.clevest.com
Media Contact
Sharon Parker, Marketing Communications Manager
sharon.parker@clevest.com
Tel: (604) 214-9700 x271
