 Irvine-based software company Mavenlink and Kimble Applications in London today announced the close of their merger led by Accel-KKR, a global technology-focused private equity firm.
Existing Kimble and Mavenlink investors, including Newport Beach’s Carrick Capital Partners and Goldman Sachs, will continue to be investors, according to a statement today.
Ray Grainger, the chief executive and co-founder of Mavenlink, will be the executive chairman of the new company, while software industry executive Michael Speranza has been named CEO of Mavenlink and Kimble Applications.
The two companies are scheduled to be integrated and operating as one by the end of Q1 2022, the statement said.
