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ATP Receives Growth Investment to Expand Market

ATP, an aviation software solutions and information services provider, announced it has secured a significant growth investment from Accel-KKR, a global technology-focused private equity firm.This comes after Accel-KKR initially invested in ATP in mid-20 in partnership with existing investor ParkerGale Capital. The new investment will fuel continued market expansion for ATP and Flightdocs by accelerating go-to-market and Mandamp;A strategies in pursuit of the company's vision of becoming the market leader in aviation information and workflow software solutions serving every segment of aviation.ATP is a source for aircraft technical publications and real-time regulatory information, and the leading provider of maintenance, operations, inventory, repetitive defect analysis, and troubleshooting software. The company's applications help reduce operating costs, improve aircraft reliability, and support technical knowledge sharing and collaboration."Since AKKR's initial investment in the company, we have seen up close the sizable opportunities for ATP together with Flightdocs, and for the aviation software industry at large," said Dean Jacobson, Managing Director of Accel-KKR. "Despite the changes in air travel brought on by the pandemic, flight maintenance and safety remain paramount to our customers.""In our 50 years, we have a singular mission to make aviation safer and more reliable through innovative maintenance and diagnostic solutions, and today, ATP is the industry gold standard for innovation, reliability and quality in the aviation industry," said Rick Noble, CEO of ATP.
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