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KKR To Take Larger Stake In Cherwell Software - Quick Facts

Cherwell Software, LLC announced that investment firm KKR will take a larger stake in the company through its Next Generation Technology Fund, which focuses on investments in software, security, Internet, digital media, and information services. The latest investment of $172 million will be in addition to KKR's initial $50 million investment made in Cherwell in February 2017.

Cherwell has a growing and engaged customer base including a wide range of active user groups worldwide, which increased in number by 218% and in customer attendance by 250% in 2017.

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