Osborne Clarke advises on sale of AI company Forecast to Accelo

International legal practice, Osborne Clarke, has advised the shareholders of UK company Forecast, a provider of AI-powered project and resource management software, on its sale to cloud-based platform for Professional Services Automation (PSA), Accelo. As well as Dennis Kayser and fellow founders, the Forecast shareholders included leading venture capital funds, Balderton, Crane Venture Partners, SEED Capital and Heartcore. This strategic acquisition expands Accelo’s capabilities in predictive planning, resource optimisation and intelligent automation, further strengthening its leadership in the PSA market.

The Forecast AI-native platform is a system of intelligence that represents the most advanced technology ever applied to managing finances, resources and projects. The ultimate upgrade for any project team and organisation, it automates busywork, surfaces best practices, predicts outcomes and guides projects to success.

Headquartered in Denver, Colorado, Accelo helps professional services-based businesses streamline operations, improve efficiency, and scale profitably. Designed for industries such as consulting, accounting, engineering, architecture, IT services and marketing agencies, Accelo replaces fragmented tools with a single, integrated system for managing clients, projects, resources and finances.

Combining the strengths of Accelo and Forecast will accelerate innovation across both platforms, building a smarter, more agile solution driven by a shared vision to eliminate operational blind spots and empower teams to excel. Customers of both platforms can expect continued support and improvements, with future product enhancements driven by collaborative innovation and customer feedback.

“We are proud to have supported the shareholders of cutting-edge Forecast in this strategic move. The joining forces of Forecast and Accelo represents a major step forward in the professional services automation sphere, helping teams optimise resources, control margins, and deliver the exceptional client outcomes that are increasingly expected in today’s market.”

James Taylor, corporate partner, Osborne Clarke

The Osborne Clarke team was led by corporate partner James Taylor and Uday Mehra, with support from Andrew Blyth and Courtney Fowler.

Osborne Clarke’s international corporate team has the capability, resources and experience to manage transactions of all sizes. Our portfolio of clients includes fast-growing businesses and those with a tech focus. We are the legal advisor of choice for future-focused clients and organisations at the forefront of innovation and transformation in their market.