M&A Deal Summary

Diligent Acquires Galvanize

On February 24, 2021, Diligent acquired software company Galvanize for 1.0B USD

Acquisition Highlights
  • This is Diligent’s 2nd transaction in the Software sector.
  • This is Diligent’s largest (disclosed) transaction.
  • This is Diligent’s 1st transaction in Canada.
  • This is Diligent’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-02-24
Target Galvanize
Sector Software
Buyer(s) Diligent
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Evercore Group (Financial)
Fasken Martineau DuMoulin LLP (Legal)

Target

Galvanize

Vancouver, British Columbia, Canada
website
Galvanize is a provider of software solutions that are transforming audit, compliance, and risk management to give organizations unprecedented control over their business. Galvanize is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Diligent

New York, New York, United States

website

Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Diligent is a provider of cloud-based corporate governance and collaboration solutions for boards and senior executives. Diligent’s multi-tenant SaaS platform provides directors with a single application to securely and reliably access, edit and share materials while satisfying security and compliance requirements. Diligent was launched in 2007 and is headquartered in New York.

DEAL STATS #
Overall 5 of 8
Sector (Software) 2 of 4
Type (Add-on Acquisition) 2 of 5
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Brainloop AG

Munich, Germany

Brainloop AG is a provider of software-as-a-service (SaaS) based document compliance solutions and data spaces. Brainloop AG was founded in 2000 and is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 STEELE Compliance Solutions

San Francisco, California, United States

STEELE Compliance Solutions, Inc. is a provider of third-party management software and due diligence investigation services focused on the anti-bribery and anti-corruption compliance market. STEELE Compliance Solutions was founded in 1989 and is based in San Francisco, California.

Buy -
Mergr

Product

Company

Legal