Latest news with #KarenSawyer
Cision Canada
22-07-2025
- Business
- Cision Canada
Accelo Expands Leadership Position in Professional Services Automation with Acquisition of Forecast, an AI-Enabled SaaS Platform Headquartered in the UK
DENVER, July 22, 2025 /CNW/ -- Accelo, a cloud-based platform for Professional Services Automation (PSA), announced today its acquisition of UK-based PSA firm, Forecast, a global provider of AI-powered project and resource management software. This strategic acquisition further strengthens Accelo's leadership in the PSA market and expands its capabilities in predictive planning, resource optimization, and intelligent automation. The merged company's global headquarters is in Denver, CO with offices in Wollongong, Australia and the UK. The combined entity will offer an even more powerful and comprehensive PSA solution, enabling professional services businesses to: Improve Project Profitability: Gain real-time insights into project costs, revenue, and margins, allowing for proactive adjustments and optimized financial outcomes. Enhance Resource Optimization: Utilize AI-powered forecasting and scheduling to allocate the right resources to the right projects at the right time, maximizing utilization and minimizing bench time alongside accurate and seamless timekeeping. Streamline Operations: Automate workflows from sales and project delivery to billing and reporting, reducing administrative overhead and accelerating the quote-to-cash cycle. Drive Data-Driven Decisions: Access unified data and advanced analytics to make informed strategic decisions and identify areas for growth and improvement. Expand Global Reach: Strengthen Accelo's presence in the UK and European markets, providing enhanced support and localized solutions to a broader client base. Karen Sawyer, CEO of Accelo, states, "We're extremely enthusiastic about Forecast's people, products, and most importantly, their customers; this compelling merger of strengths combines Forecast's AI-powered insights with Accelo's unified Professional Services Automation platform." Sawyer then says, "We are building a smarter, more agile solution that provides global enterprise clients the critical insights and comprehensive controls required for high-quality, profitable project delivery." Dennis Kayser, Founder and CEO of Forecast, added, "From inception, we envisioned building a market-leading, native AI-enabled PSA system to support the world's best run consultancies regardless of size and unique business model requirements." Kayser further stated, "With significant growth capital from Bow River Capital, and this combination with Accelo, we have capabilities to significantly enhance product roadmap innovations and will double-down on strategic client success investments and services." Maitlan Cramer, Lead Accelo board member with Bow River Capital's Software Growth Equity Team, said, "We're thrilled to announce the acquisition of Forecast; this strategic combination and incremental growth capital creates a much larger cohort of high-quality, enterprise clients across Europe, North America, and Asia-Pac. The combined entity will significantly enhance acceleration of our product roadmap and scale." Charles Chen, an Accelo Board member and Partner at Level Equity, stated, "We have strong conviction in the Professional Services Automation industry, and are thrilled with the value creation progress since the recapitalization with our partners at Bow River Capital." The Forecast team will join Accelo to accelerate innovation across both platforms, with a shared vision to eliminate operational blind spots and empower teams to do their best work. Customers of both platforms can expect continued support and improvements, with future product enhancements driven by collaborative innovation and customer feedback. This acquisition comes at a time when demand for unified, insight-driven operations continues to rise among professional services organizations. As teams face increasing pressure to optimize resources, control margins, and deliver exceptional client outcomes, the combination of Accelo and Forecast offers an unmatched solution that connects work, people, and financials in real time. About Accelo Accelo is a cloud-based Professional Services Automation (PSA) platform that helps professional services-based businesses streamline operations, improve efficiency, and scale profitably. Designed for industries such as consulting, accounting, engineering, architecture, IT services, and marketing agencies, Accelo replaces fragmented tools with a single, integrated system for managing clients, projects, resources, and finances. By unifying the quote-to-cash lifecycle, Accelo enables businesses to automate workflows, track projects, optimize resource allocation, and gain real-time visibility into operations. With built-in CRM, project tracking, scheduling, invoicing, and analytics, Accelo empowers professional services firms to improve productivity, enhance team collaboration, and drive sustainable growth. About Forecast The Forecast AI-native platform is a system of intelligence that represents the most advanced technology ever applied to managing finances, resources and projects. Forecast is the ultimate upgrade for any project team and organization. Our platform automates busywork, surfaces best practices, predicts outcomes, guides projects to success, and most importantly empowers every team member to do their best work. Technology doing what it does best, so humans can do what they do best.
Yahoo
20-02-2025
- Business
- Yahoo
Accelo's Global Momentum Continues with New Product Innovation and Enterprise Sales Bookings Acceleration
DENVER, Feb. 20, 2025 /PRNewswire/ -- Accelo, a leading provider of cloud-based Professional Services Automation (PSA) solutions, continued to deliver on transformative change across the board in 2024; new product innovation, leveling-up their enterprise best practices methodologies, and an improved go-to-market motion. The company's cloud-based system is an industry leading PSA suite to enable strategic insights, accurate and real-time decision-making, and best-in-class execution for all sizes of professional services organizations and their respective markets. Accelo's results in Q4 and for FY 2024 were focused on massive product innovation deliverables, accelerating global growth, investing heavily in infrastructure and systems, KPI centric scale, and professionalizing executive leadership and the go-to-market function/sales execution. Karen Sawyer, CEO of Accelo, stated, "As I reflect on my first year with Accelo, I am incredibly proud of what we've accomplished and our materially improved performance; 2024 was a year of radical transformative change, building a foundation for disciplined execution, global scale, and smart growth." Sawyer further said, "We've tripled down on major R&D initiatives, underscoring my personal and company commitment to driving significant value and competitive differentiation for all Accelo clients and their end-user relationships." Key Company Highlights in 2024: Strategic Recapitalization & Growth Capital – Accelo closed a major new investment with Bow River Capital's Software Growth Equity Fund II, alongside existing institutional investor – Level Equity. Gartner Market Guide Recognition – Named in Gartner's first-ever Professional Services Automation (PSA) Market Guide, reinforcing Accelo's leadership in the category. 40+ Industry Awards – Recognized across G2, Capterra, GetApp, and Software Advice, underscoring strong customer satisfaction and market impact. New Enterprise & Mid-Enterprise Sales Bookings increased by 83.5% YoY; ACV (annual contract values) nearly doubled in transactional value. Roger Metz, Accelo CFO, stated, "I'm thrilled to be working with such high caliber software executives across every functional area, and I would like to warmly welcome PE-backed CTO – John Patrick as our new Chief Technology Officer at Accelo." Metz further stated, "We're confident in our ability to crush our numbers in 2025, and are actively seeking M&A opportunities that make good commercial sense for our business." About AcceloAccelo is a cloud-based Professional Services Automation (PSA) platform that helps professional services-based businesses streamline operations, improve efficiency, and scale profitably. Designed for industries such as consulting, accounting, engineering, architecture, IT services, and marketing agencies, Accelo replaces fragmented tools with a single, integrated system for managing clients, projects, resources, and finances. By unifying the quote-to-cash lifecycle, Accelo enables businesses to automate workflows, track projects, optimize resource allocation, and gain real-time visibility into operations. With built-in CRM, project tracking, scheduling, invoicing, and analytics, Accelo empowers professional services firms to improve productivity, enhance team collaboration, and drive sustainable growth. Learn more at or follow us on LinkedIn. Media Contact: Aaron Ramaekers View original content to download multimedia: SOURCE Accelo
