logo
  

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group Inc. (AAL) said it flew 48 million passengers during the third-quarter, more than any other U.S. airline. Excluding special items, the company recorded its smallest loss since pandemic began. The company noted that its recovery took a pause in the third quarter due to the delta... San Jose, California -based Demaiz Inc., doing business as Mex-tamale Foods, is recalling around 20,759 pounds of pork and beef tamales citing misbranding and undeclared allergen, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The beef and pork tamale items produced between September 20 to October 14, 2021 contains sesame seeds, an allergen. McDonald's says equal pay for women is just the beginning, while conforming that the fast-food giant pays women globally 99.85 cents on the dollar for similar work, taking into account legitimate pay drivers such as level, location, experience, and performance. The company added that it is on track to close that identified gap in 2022.
Follow RTT