Menlo Park-Based Accel-KKR Invests in Saber Consulting

Menlo Park, Calif. -- Accel-KKR, a Menlo Park-based private equity firm focused on technology companies, said on Wednesday that it has made an undisclosed investment in Saber Consulting, an Oregon-based provider of software to state and local governments. Nine-year-old Saber, which also has an office in Sacramento, offers software and services that address such issues as voter registration, election management and forms processing. The company currently has customer relationships with more than 13 state and local government entities. Under the terms of the deal, Nittin Khanna will continue to serve as Saber's president and CEO, and Karan Khanna will continue as its COO. In addition, Accel-KKR's Rob Palumbo, Ben Bisconti and Tom Barnds will join the company's board of directors.
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