Point of Rental Software announces investment from Accel-KKR
Point of Rental Software, the provider of rental performance systems, announced Oct. 7 a strategic investment from Accel-KKR, a technology-focused investment firm.
CEO Wayne Harris remains a significant owner and will continue to lead the company with its current leadership team. The investment succeeds Susquehanna Growth Equity (SGE), which has partnered with Point of Rental since 2021.
Point of Rental said the partnership gives it added capital and operating expertise to invest faster in the areas customers have asked for most: AI-powered agents that take routine work off rental teams, better digital experiences for their customers, deeper intelligence through Rental Intelligence Suite, and continued innovation of its core rental platforms.
"My vision for Point of Rental has always been to help rental businesses run better, and that has not changed," said Harris. "Accel-KKR understands software and shares our view that the rental industry is ready for a step change in technology. With their support, we can move faster on AI agents built specifically for rental, digital customer experiences, Rental Intelligence, and the products our customers rely on every day. I'm excited about what this lets us build."
"We are excited to partner with the Point of Rental team as the company enters its next phase of growth," said Andrew Zbella, managing director at Accel-KKR. "Point of Rental has built a strong foundation of industry expertise and a track record of helping customers achieve peak performance from their rental businesses. The company's ongoing innovation, including AI-powered tools within Rental Intelligence Suite, continues to position the company well to help customers make smarter decisions, improve operating performance, and get more value from their assets."
Founded in 1982, Point of Rental builds rental performance systems designed to help rental businesses improve every part of their operation – from managing assets and rental transactions to engaging customers, empowering employees, and making better business decisions. Today, the company serves more than 6,000 rental businesses in more than 80 countries across a broad range of rental markets, including heavy equipment, general tool, party and event, aerial and access, and specialty rental.
What It Means for Customers
- The same leadership team, account managers, and support contacts
- No changes to existing contracts or service
- Faster delivery of new capabilities, including AI-powered tools built for rental
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