| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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Morgan Keegan Advises North Plains in Growth Equity Investment from Accel-KKR
Morgan Keegan is pleased to announce that North Plains, LLC, the leading provider of Digital Asset Management solutions, has received a growth equity investment provided by Accel-KKR, a technology-focused private equity investment firm. The investment will be used to fund continued growth and expansion, and further capitalize the business to support its existing customer base.
Founded in 1994, North Plains provides scalable digital asset management software and services to corporate marketing groups within the Global 2000, midsize companies, and to publishers, media & entertainment companies, and advertising agencies. In conjunction with the transaction, Hassan Kotob will assume the role of Executive Chairman and Arun Chandra will become Chief Executive Officer. Mr. Kotob will continue to actively work with the team at North Plains to ensure that the company has all the resources necessary to build on its leadership position, expand globally and continue to deliver world-class solutions to its customers. Mr. Chandra brings 25 years of technology leadership experience both as a public company CEO and senior executive at one of the world’s largest technology companies.
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About North Plains
Over the last 15 years, North Plains has become recognized as the world’s leading provider of digital and media asset management, and end-to-end publishing solutions. As digital media use continues to rise, organizations are adopting new ways to communicate, train, advertise, or monetize content. North Plains’ TeleScope™ platforms help organizations of all sizes and industries to streamline creation, collaboration, management and distribution processes while reducing costs and time-to-market, increasing efficiencies and revenues, opening opportunities, and helping organizations become more agile and competitive.
About Accel-KKR
Accel-KKR is a technology-focused private equity firm with over $1 billion in assets under management. The firm invests primarily in software and IT-enabled businesses well positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the significant resources available through the Accel-KKR network. Accel-KKR has a particular focus on buyouts and recapitalizations of family-owned or closely-held private companies, going-private transactions and divisional buyouts of larger companies. For more information, please visit www.accel-kkr.com.
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,100 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
- Transportation & Logistics
- Industrial
- Consumer
- Energy
- Security & Defense
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- Financial Services
- Healthcare
- Technology
- Real Estate
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