Accelo Acquires UK-based PSA Firm Forecast, Strengthening Global Leadership

Accelo, a cloud-based platform for Professional Services Automation (PSA), has completed the acquisition of UK-based PSA firm, Forecast, a global provider of AI-powered project and resource management software. This move enhances Accelo's position in the PSA market and expands its capabilities in predictive planning, resource optimization, and intelligent automation. The merged company's global headquarters is now located in Denver, CO with additional offices in Wollongong, Australia, and the UK.

The acquisition aims to provide an even more powerful and comprehensive PSA solution, empowering professional services businesses with critical insights and comprehensive controls required for high-quality, profitable project delivery. The combined entity will leverage Forecast's AI-powered insights and Accelo's unified PSA platform to offer a smarter, more agile solution. This strategic merger is supported by significant growth capital from Bow River Capital, enabling the combined entity to enhance product roadmap innovations and focus on strategic client success investments and services.

The acquisition announcement was met with enthusiasm from key stakeholders, including Accelo's CEO, Karen Sawyer, and Forecast's Founder and CEO, Dennis Kayser, who expressed their excitement about the merger's potential to support consultancies of all sizes and unique business model requirements. The acquisition also received strong support from Maitlan Cramer, Lead Accelo board member, and Charles Chen, an Accelo Board member and Partner at Level Equity, signaling confidence in the future of the Professional Services Automation industry.

The Forecast team will join Accelo to accelerate innovation across both platforms, with a shared vision to eliminate operational blind spots and empower teams to do their best work. This move comes at a time when the demand for unified, insight-driven operations continues to rise among professional services organizations. Accelo's cloud-based PSA platform is designed to help streamline operations, improve efficiency, and scale profitably for industries such as consulting, accounting, engineering, architecture, IT services, and marketing agencies.

Meanwhile, Forecast's AI-native platform is a system of intelligence that represents the most advanced technology ever applied to managing finances, resources, and projects, automating busywork, predicting outcomes, guiding projects to success, and empowering every team member to do their best work. Customers of both platforms can expect continued support and improvements, with future product enhancements driven by collaborative innovation and customer feedback.