Phocus seals $500m payday from Accel-KKR
Which is a major win for founders Myles Glashier, Paul Magee, Dave Boorman, Philip Dodds and local investment firms OneVentures and Ellerston Capital.
What Phocus does
Phocas sells business intelligence and financial planning and analysis software that mainly targets mid-sized enterprises. It has operations in Australia, New Zealand, the US and UK and employs 300 people worldwide, many of them working remotely.
Phocus Customers
It has over 2800 middle market customers in the manufacturing, wholesale and retail sectors, and Glashier said it and services 48,000 monthly users worldwide.
Accel-KKR managing director Dean Jacobson told AFR that these companies wanted software that matched what larger firms could do, and Phocas had found a niche in providing that.