ATP, a provider of aviation software solutions and information services, received a growth investment from Accel-KKR.
The amount of the deal was not disclosed.
This transaction follows Accel-KKR’s initial investment in ATP in mid-2020 in partnership with existing investor ParkerGale Capital.
The new investment will accelerate continued market expansion for ATP and Flightdocs by accelerating go-to-market and M&A strategies in pursuit of the company’s vision of becoming the market leader in aviation information and workflow software solutions serving every segment of aviation.
Led by Rick Noble, CEO, ATP is a provider of aviation software and information services. It is the source for aircraft technical publications and real-time regulatory information, and the provider of maintenance, operations, inventory, repetitive defect analysis, and troubleshooting software. The company’s product lines, including Flightdocs, Aviation Hub, ChronicX, and SpotLight, aim to reduce operating costs, improve aircraft reliability, and support technical knowledge sharing and collaboration in all aviation and aerospace industry sectors.
Accel-KKR initially partnered with ATP in June 2020 when the firm invested alongside ParkerGale, a technology-focused buyout fund based in Chicago, in backing ATP’s acquisition of Flightdocs. ParkerGale acquired ATP from its founder in 2015 and subsequently added on CaseBank Technologies in 2016.
As a global company, ATP has more than 7,500 customers in 137 countries and partnerships with over 90 OEMs.
It is based in San Francisco, CA, Toronto, Canada and Bonita Springs, FL.
FinSMEs
25/08/2021