Ocuco, a Dublin-based firm that provides software to optical retail chains and lens manufacturers, has announced a significant investment from Accel-KKR. The company believes that this investment will accelerate its global momentum and allow it to better serve the diverse needs of the eyecare industry.
In addition to boosting Ocuco’s financial standing, the deal is expected to stimulate mergers and acquisitions opportunities, aligning with the company’s growth strategy. This investment comes just two years after Ocuco received an investment of up to €15m from the Ireland Strategic Investment Fund.
Leo Mac Canna, the founder and leader of Ocuco, expressed excitement about partnering with Accel-KKR. He praised their expertise in practice management software and their proven track record in scaling companies.
David Cusimano, the managing director at Accel-KKR, highlighted Ocuco’s position as a leader in eyecare software and their differentiated product offering. He stated that the investment aligns with Accel-KKR’s strategy of backing market-leading software companies.
Ocuco’s software and services are used by thousands of businesses across dozens of countries. The company employs over 350 staff globally, with major hubs in the United States, Canada, Ireland, and the United Kingdom. They also have a presence in other parts of Europe and China.
This deal with Ocuco marks Accel-KKR’s second involvement with an Irish firm in a week. They were recently involved in the €20.6m takeover offer of Irish software firm Glantus by Finland-based Basware.
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