"We're just getting started," said CEO Gary Kovacs.
Kovacs appeared on a special midweek episode of ICYMI to discuss the recent announcement that Accela had taken on a second private equity investor. The additional investment will allow the company to continue its journey to make it as easy for constituents to interact with government as they would with Amazon or any other online company. He envisions thoughtful and meaningful acquisitions and anticipates that the new partnership will stimulate growth and allow Accela to do even more for its customers.
Andrew Kowal of Francisco Partners (the new investor) and Jon Nuger of Berkshire Partners (who acquired Accela in 2017) also weighed in with their insights about the gov tech market in general and Accela in particular. Both recognized the large market and the growing need for technology as well as Accela's valuable core product and relentless focus on customer relationships.
Kovacs' advice was clear — trying to spread across the whole market and not paying attention to details before moving on to the next transaction never scales. Instead, he said, focus on doing right by the customers. Follow up with them. Take ownership if you make a mistake and fix things.
"If you build that trust with each other, they will be with you for life ... not because they have to be, but because they choose to be," he said.
Kovacs attributes Accela's success to this focus on the customer.
"You haven't seen yet what we are going to be capable of," he said.
- Read more about the announcement on Govtech.com
- Visit Accela
- Visit Berkshire Partners
- Visit Francisco Partners
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