ELMO Software (ASX:ELO) has confirmed its been approached by Accel-KKR to acquire interest in the company, and is in discussions with several parties.

The company reported a $76.8M loss in revenue for the year to June 30.

Established in 2002, ELMO Software offers human resources tech to small businesses and mid-market organisations across Australia, New Zealand, and the UK.

After a trading halt this morning, Elmo?s share price closed 28% higher today at $3.09.