1. Record purchase deal for Colorado Springs-based Cherwell Software

    Record purchase deal for Colorado Springs-based Cherwell Software

    Private equity giant KKR has bought out most of Insight Venture Partners' stake in Colorado Springs-based Cherwell Software LLC in a $172 million transaction, the biggest venture capital deal for a Colorado Springs company, giving KKR a majority interest in Cherwell.

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    1. This resets the clock for Cherwell with an investor at the front end of their investment. Insight had bought into Cherwell in 2012, and venture capital funds like to exit their investments in five or six years.
    2. Cherwell is a leader in its industry known for its highly adaptable, high-quality solutions, which enable customers to transform their service management capabilities. We are thrilled to invest in the company, which we believe has enormous potential for growth.
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