Forecast Joins Accelo in Strategic Acquisition
Deal News | Jul 22, 2025 | Balderton Capital
Accelo, a leader in professional services automation (PSA), has announced the acquisition of Forecast, known for its AI-driven project and resource management software. Balderton Capital previously invested in Forecast's Series A round in 2021. This acquisition aims to enhance project management capabilities by integrating Forecast’s advanced AI technologies with Accelo’s existing platforms. As a result, customers will benefit from improved workflow automation and enhanced resource planning capabilities. The integration of teams is expected to fuel innovation and product enhancements, thus continuing to support customer needs effectively. Balderton Capital, a key investor, commended Forecast’s achievements and is optimistic about the new synergy created by this acquisition.
Sectors
- Information Technology
- Professional Services
- Investment Management
Geography
- Global – Forecast is a global provider of AI-powered project management tools, and Accelo’s operations extend internationally.
Industry
- Information Technology – The acquisition involves companies specializing in software development and AI technology for project management and resource planning.
- Professional Services – Accelo is a platform geared towards professional services automation, integral to the operations of many service-based businesses.
- Investment Management – Balderton Capital, a private equity firm, is involved due to its investment interests in Forecast.
Financials
- Series A investment in 2021 – Balderton Capital invested in Forecast during their Series A funding round in 2021.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Accelo | Acquirer | Company | Accelo is a platform for professional services automation, acquiring Forecast to enhance its project management capabilities. |
| Forecast | Target Company | Company | Forecast provides AI-powered project and resource management software and is being acquired by Accelo. |
| Balderton Capital | Investor | Company | A private equity firm that invested in Forecast during its Series A round in 2021. |
| Dennis | Person | People | A member of the Forecast team recognized for early adoption of AI in project management. |