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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 (Legal)

Target

Galvanize

Vancouver, British Columbia, Canada
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
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, 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