Phocas Software, a business intelligence (BI) and financial planning & analysis (FP&A) platform for the middle market, has received a majority equity investment from technology-focused private equity firm Accel-KKR. Terms were not disclosed.

Designed for manufacturing, distribution, and retail businesses, Phocas integrates with ERP systems to consolidate data into a single platform, providing teams with actionable insights for planning, analysis, and decision-making. The platform was recognized in 2024 by BARC as a global leader in product innovation across BI, FP&A, and middle-market categories.

Accelerating Growth and Innovation

With Accel-KKR’s backing, Phocas plans to accelerate global expansion, enhance product development, and strengthen customer success and partner services. Key initiatives include AI-powered features tailored to the unique challenges of mid-market businesses, aiming to improve forecasting, planning, and cross-functional insights.

Myles Glashier, co-founder and CEO of Phocas, said, “Accel-KKR’s support gives us the resources and expertise to deliver even greater value to mid-market companies, helping them use data more effectively to drive growth.”

Dean Jacobson, Managing Director at Accel-KKR, added, “Middle-market businesses are seeking efficient ways to work, and Phocas’ platform provides mission-critical software with pre-built workflows for key verticals. We’re thrilled to partner with Myles and the Phocas team at this pivotal stage.”

The investment underscores a growing trend of private equity firms backing BI and FP&A platforms that target mid-market companies, helping them leverage AI and analytics without the complexity often associated with enterprise software.