RESEARCH TRIANGLE PARK, NC – July 28, 2016: JAGGAER (formerly SciQuest), a leading provider of end-to-end spend management solutions delivering value beyond savings, today announced that affiliates of Accel-KKR, a leading technology-focused private equity firm, have completed their acquisition of the company for approximately $ 509 million. With this transaction completed, JAGGAER’s stock has ceased trading on the Nasdaq Global Select Market.
“ We look forward to working with JAGGAER to build on its foundation of delivering leading technology, customer engagement and measurable results,” said Tom Barnds, Managing Director of Accel-KKR.
- Total Transaction Value of Approximately $ 509 Million
- JAGGAER Becomes a Private Company