North Plains Systems Receives Investment From Accel-KKR

Mar 08, 2011


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North Plains, LLC, provider of digital asset management, announced that it has received a growth equity investment provided by Accel-KKR, a technology-focused private equity investment firm. The investment will be used to fund continued growth and expansion, and to further capitalize the business to support its existing customer base, generating a global company focused on rich media management. North Plains' existing TeleScope platform aims to let customers more easily create, manage, and deliver the rich media assets-images, video, audio, and graphics-needed to create multi-channel campaigns for consumers.

Hassan Kotob will assume the role of Executive Chairman and Arun Chandra will become Chief Executive Officer. Founded in 1994, North Plains provides scalable digital asset management software and services to corporate marketing groups, publishers, media and entertainment companies, and advertising agencies. Accel-KKR is a technology-focused private equity firm that invests primarily in software and IT-enabled businesses.

(www.northplains.com, www.accel-kkr.com)