ERP company insightsoftware achieves successful exit to TA Associates to revolutionize ERP reporting and enterprise performance management
We are delighted to announce that our ERP client insightsoftware.com has achieved a successful exit to TA Associates (TA Associates announces acquisition and combination of Global Software, Inc and insightsoftware.com International to create market-leading ERP reporting platform).
ERP client: From infancy, through maturity to a successful exit
Insightsoftware has been a client of Isosceles for 18 years and has grown from a business employing fewer than 20-people in Ealing, South West London with a turnover of less than <$2M to a $40M turnover US-based corporation with close to 200 employees with customers worldwide.
- Were the primary interface between the US-based investment bankers (Pagemill Partners), the legal advisers (DLA Piper) and the auditors and tax advisers (PWC)
- Responded to all financial and tax queries
- Undertook a significant amount of the legal due diligence response
- Mike O’Connell, CEO of Isosceles represented the shareholders in their negotiation of the SPA (Sales and Purchase Agreement) and acted as The Seller’s Representative
- Contributed to the preparation of the disclosure letter
- Acted as a key party in the negotiation of the net working capital position
Mike O’Connell, CEO at Isosceles commented: “I am very proud that Isosceles has supported Insight for 18 years; from infancy, through maturity to a successful exit. I am delighted for the shareholders and option holders who have had the opportunity to crystalise the fruits of their hard work and excited for the employees and the opportunities which lie ahead for them. I am particularly proud of our team and how they responded to TA Associate’s very professional and seasoned M&A machine. We met every deadline and every requirement. I am excited about the potential of the new platform and look forward to watching insightsoftware continue to grow.“
TA Associates is a global growth private equity firm and this acquisition and combination of Global Software, Inc. and insightsoftware.com International, two leading ERP reporting and business performance management software companies, will create a world-class ERP reporting and performance management company. With over 6,000 enterprise customers globally and more than 75,000 end users, the combination creates the market-leading ERP financial and operational reporting platform. Financial terms of both transactions were not disclosed.
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