Smart Communications has completed its spinoff from Thunderhead and has launched as an independent company led by its existing management team and backed by Accel-KKR, the company said.
Kirkland & Ellis International LLP served as legal advisor to Accel-KKR. Financing for the transaction was provided by Goldman Sachs Private Capital.
As an independent company, Smart Communications will continue to define and lead the next generation of cloud-enabled customer communications management (CCM) by focusing on scaling its growth in new and existing markets, broadening its industry reach, and accelerating innovation and product development.
The Smart Communications senior management team is led by George Wright, the company´s chief executive officer and former SVP and general manager of the Smart Communications division. Smart Communications, which is headquartered in London, serves its customers from its offices located in North America, Europe and Asia Pacific.
The Smart Communications suite of solutions helps businesses move beyond traditional enterprise communications using modern architecture and cloud capabilities.
Accel-KKR is a technology focused investment firm with USD4.0 billion in capital commitments. The firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth.