Blue Mountain Quality Resources Received Investment from Accel-KKR
The investment from Accel-KKR will enable Blue Mountain to scale into the global leader of enterprise asset management (EAM) software for the life sciences industry.
Blue Mountain Quality Resources (“Blue Mountain”) is a provider of enterprise asset management (EAM) software for the life sciences industry.
The Company’s software, Blue Mountain Regulatory Asset Manager®, is the first EAM solution to integrate functionality for the full cycle of maintenance operations with world-class calibration management, enabling companies to enforce GMP (Good Manufacturing Practice) compliance and maximize productivity and profitability.
State College, PA
Accel-KKR is a leading technology-focused investment firm with over $9 billion in capital commitments.
Menlo Park, CA
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PRESS RELEASE OVERVIEW
SEG Client, Blue Mountain, Receives Investment from Accel-KKR
September 29, 2020 – Software Equity Group (SEG) announces its client, Blue Mountain Quality Resources (“Blue Mountain”), a developer of enterprise asset management products and services for the Life Sciences industry, has received a significant growth investment from Accel-KKR, a leading technology-focused investment firm. SEG served as exclusive advisor to Blue Mountain.
Blue Mountain offers a robust Enterprise Asset Management (“EAM”) solution designed exclusively for the Life Sciences industry. Its software, Blue Mountain Regulatory Asset Manager®, is the first EAM solution to integrate functionality for the full cycle of maintenance operations with world-class calibration management, enabling companies to enforce GMP (Good Manufacturing Practice) compliance and maximize productivity and profitability.
“Today’s announcement marks a pivotal moment in Blue Mountain’s journey,” said Jim Erickson, Founder & President of Blue Mountain. “This investment from Accel-KKR will accelerate our mission of providing Life Sciences companies with best-in-class functionality to ensure GMP compliance and productivity are achieved. It will enable us to provide the most comprehensive suite of functionality to our customers, whether they are global players or innovative disruptors.”
Blue Mountain’s customers work tirelessly to deliver life-saving treatments and complex medical technologies that are both safe and effective. Blue Mountain’s software enables lifecycle management of assets, workflow automation, and other key functionality to help ensure that both productivity and compliance are achieved – ultimately helping its customers bring life-saving treatments to market.
“We are thrilled to welcome Blue Mountain to the Accel-KKR portfolio,” said Phil Cunningham, Operating Executive and the lead for AKKR’s Emerging Buyout Partners fund. “Blue Mountain embodies the kind of business that we believe in and back wholeheartedly: mission-critical software led by a management team with deep industry knowledge. We look forward to growing with Blue Mountain to ultimately help their clients bring vital drugs, therapies, medical diagnostics and devices to market in the safest, most cost-competitive and efficient manner.”
Software Equity Group (SEG) served as financial advisor to Blue Mountain Quality Resources.