KKR to Invest $172 Million in Cherwell Software
April 4, 2018
Landmark Investment for Colorado Company in State’s
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Cherwell offers software that has enabled thousands of organizations to
modernize their business operations by automating services digitally.
After establishing itself as a leader in the IT Service Management
(ITSM) space, Cherwell is poised to expand into the service management
market, which is estimated to top
“Since founding this company in 2004, we have committed to serving
customers with intuitive technology that helps not only drive business
but transform organizations,” said
“Cherwell is a leader in its industry known for its highly-adaptable,
high-quality solutions, which enable customers to transform their
service management capabilities. We are thrilled to further invest in
the company, which we believe has enormous potential for growth,” said
Cherwell’s business is expanding rapidly across the globe. The company
has experienced dramatic growth in new customers in the EMEA and APAC
regions as well as in collaboration with leading industry partners
through its
“Cherwell has enabled us to do much more than we initially anticipated
in terms of driving centralized intelligence and optimized service for
our business. We have seen an increase in service application across our
organization with more than 50% of service tickets coming in through
Cherwell now outside of IT. The Cherwell platform was not only able to
be customized for our particular needs in healthcare, but it can grow
with our needs, which is vital as we look to drive innovation and
continuous improvement,” said
“Cherwell Software’s evolution into a global technology company in a
little more than 10 years is one of the state’s high-tech success
stories,”
About Cherwell
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic manager
partnerships that manage hedge funds. KKR aims to generate attractive
investment returns for its fund investors by following a patient and
disciplined investment approach, employing world-class people, and
driving growth and value creation with KKR portfolio companies. KKR
invests its own capital alongside the capital it manages for fund
investors and provides financing solutions and investment opportunities
through its capital markets business. References to KKR’s investments
may include the activities of its sponsored funds. For additional
information about
View source version on businesswire.com: https://www.businesswire.com/news/home/20180404005377/en/
Media:
Cherwell
ann.boyd@cherwell.com
or
KKR
media@kkr.com
Source: KKR
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