Vistex, a Chicago, IL-based global enterprise software company, raised up to $105m in funding.
The deal is comprised of a minority equity investment of an initial $65m, and up to an additional $40m, for future strategic acquisitions from Accel-KKR (AKKR).
The investment by Accel-KKR will support a variety of company priorities, including talent acquisition in sales, marketing and engineering from area universities and colleges.
Founded in early 1999 by Chief Architect and CEO Sanjay Shah, the company develops solutions that enables organizations to deploy their products and services through Go-to-Market programs. The software and services allow companies to increase revenue and reduce costs with their business partners by managing trade, channel and vendor programs, pricing, performance incentives and rights & royalties, optimized by industry, and deployed on-premise or in the cloud.
Vistex complements its array of software offerings with implementation, business advisory and analytics services.
The company, which serves businesses of all sizes around the world, has worldwide operation with 20 offices, 1,500 employees and nearly $250 million in revenue in 2018.