Accelo Expands Leadership with Forecast Acquisition
Deal News | Jul 22, 2025 | PR Newswire Cision Accelo
Accelo, a leading provider in Professional Services Automation (PSA), has acquired Forecast, a UK-based AI-enabled SaaS platform specializing in project and resource management. This strategic acquisition reinforces Accelo's market position by broadening its expertise in predictive planning, resource optimization, and intelligent automation. The collaboration aims to deliver superior products, supporting professional services businesses in improving project profitability, resource optimization, and streamlining operations. With the backing of Bow River Capital and Level Equity, the integration not only enhances Accelo's product roadmap but also extends its reach in the UK and European markets. The unified entity will continue supporting existing clients, advancing product innovations, and creating a comprehensive solution connecting work, people, and financials in real-time.
Sectors
- Professional Services Automation (PSA)
- Software as a Service (SaaS)
Geography
- United States – Accelo, the acquiring company, is headquartered in Denver, Colorado, USA.
- United Kingdom – Forecast, the acquired target company, is based in the UK, indicating significant geographic relevance.
- Europe – The acquisition strengthens Accelo's market presence in Europe through expanded operations and client base.
Industry
- Professional Services Automation (PSA) – The article discusses the merger of two companies within the professional services automation industry, emphasizing AI technology integration and streamlining processes for service businesses.
- Software as a Service (SaaS) – Forecast is described as an AI-enabled SaaS platform, indicating relevance to cloud-based service models that deliver software solutions.
Financials
- Growth capital provided by Bow River Capital – The article mentions the financial backing from Bow River Capital, though does not specify an exact amount.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Accelo | Acquiring Company | Company | A cloud-based Professional Services Automation (PSA) platform enabling businesses to streamline operations and improve efficiency. |
| Forecast | Target Company | Company | A UK-based global provider of AI-powered project and resource management software. |
| Bow River Capital | PE Financial Backer | Company | A private equity firm providing significant growth capital for the acquisition. |
| Level Equity | Financial Backer | Company | An equity firm involved with Bow River Capital in financial backing. |
| Karen Sawyer | CEO of Accelo | Person | Chief Executive Officer of Accelo involved in the acquisition announcement. |
| Dennis Kayser | CEO of Forecast | Person | Founder and CEO of Forecast, discussing the strategic alliance potential with Accelo. |