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Accelcia Business Services, Inc. and Plug and Play Tech Center Announce Strategic Partnership Accelcia Business Services, Inc. and Plug and Play Tech Center Announce Strategic Partnership

(May 21, 2012)

ATHERTON, CA and SUNNYVALE, CA -- (Marketwire) -- 05/21/12 -- Accelcia Business Services, Inc. and Plug and Play Tech Center today announced that they have forged a strategic partnership in order to better serve the start-up community in Silicon Valley. Under the partnership, Accelcia, a leading provider of back-office services such as bookkeeping, accounting, HR, and benefits to startups, will be integrated into the Plug and Play community as an onsite service provider. The alliance gives Accelcia the opportunity to expand its presence in the critical business incubator sector of the entrepreneurial ecosystem, while allowing Plug and Play's startups to focus on their core business.

"We are excited about the opportunity to work with Accelcia," says Canice Wu, President of Plug and Play Tech Center. "This collaboration will provide a significant boost to our community by expanding the services we make available to our 300-plus start-ups."

"Accelcia is proud to partner with Plug and Play," says Accelcia CEO and President Anurag Pal. "We already have some delighted customers within the Plug and Play community, and now we look to significantly expand our footprint with our one-stop shop back-office solutions for start-ups within the Accelerator Program." Earlier this year, Pal announced the company's goal of securing more partnerships with incubators in an effort to become the premier provider of back-office functions for entrepreneurs. This marks the company's first formal partnership with a business accelerator.

According to the terms of the proposed partnership, Accelcia will be afforded a branded presence at Plug and Play as well as access to internal meetings and events, which will in turn enable Accelcia to reach a considerable network of technology startups across all three Plug and Play locations. In addition, Accelcia will have physical presence in the Service Pavilion.


About Accelcia Business Services, Inc.
Founded in 2005, Accelcia follows a "one-stop" service model and has rapidly established itself as a valuable partner in addressing the critical needs of start-ups. Accelcia currently serves upwards of 125 small and medium businesses, offering a full portfolio of services that cover Finance, Accounting, Human Resources, and Benefits. As Chairman Ruby Sahiwal explained, "Accelcia's goal is to make it easy for startups to do what they're great at."

About Plug and Play Tech Center
Plug and Play Tech Center is a business accelerator that specializes in growing tech startups. Headquartered in Sunnyvale, California, Plug and Play's global network includes over 300 tech startups, over 180 investors and a community of leading Universities and Corporate partners. Plug and Play offers unique industry networking events, education-immersion programs, M&A and virtually everything tech startups need to get organized, connect and grow. Notable graduates of the Plug and Play Accelerator Program include PayPal, Danger, Inc., and Canesta.

For more information, please contact:
Plug and Play Tech Center
www.plugandplaytechcenter.com
Jennifer Jacobson
440 N. Wolfe Road
Sunnyvale, CA 94085
Tel: 408-524-1400

Accelcia Business Services, Inc.
260 Sheridan Avenue, Suite B10
Palo Alto, CA 94306
Tel: 650-868-0332

Customer inquiries: Email Contact
General inquiries: Email Contact
Customer support: Email Contact
Partnerships: Email Contact


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