M&A Deal Summary

insightsoftware Acquires Certent

On January 7, 2021, insightsoftware acquired internet software and services company Certent from K1 Investment Management

Acquisition Highlights
  • This is insightsoftware’s 1st transaction in the Internet Software and Services sector.
  • This is insightsoftware’s 5th transaction in the United States.
  • This is insightsoftware’s 1st transaction in California.

M&A Deal Summary

Date 2021-01-07
Target Certent
Sector Internet Software and Services
Buyer(s) insightsoftware
Sellers(s) K1 Investment Management
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Morris, Manning & Martin (Legal)

Target

Certent

Pleasanton, California, United States
Certent, Inc. is a provider of software-as-a-service (SaaS) solutions for equity compensation and financial disclosure management. Certent was founded in 2002 and is based in Pleasanton, California.

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Buyer(S) 1

Buyer

insightsoftware

Raleigh, North Carolina, United States

Category Company
Founded 1993
Sector Software
DESCRIPTION

insightsoftware provides financial reporting and enterprise performance management (EPM) software that empowers CFOs to access real-time data, drive financial intelligence, and achieve better business outcomes through turnkey reporting and performance management solutions. insightsoftware was founded in 1993 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 12 of 22
Sector: Internet Software and Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 12 of 22
State: California M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 IDL Mitte

Schmitten, Germany

IDL GmbH Mitte is a software solution partner for corporate performance management and business intelligence headquartered in Germany with subsidiaries in Austria, France, and Switzerland. The IDL Group specializes in the development of software solutions for consolidation, planning, analysis, and reporting as well as competent consulting on these topics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Logi Analytics

McLean, Virginia, United States

Logi Analytics is a provider of web-based business intelligence software. The company business intelligence software enables users to explore, visualize, analyze and share data insights. The platform helps organizations create web-based BI and analytic applications that can be integrated directly within their applications, systems and processes. Logi Analytics was founded in 2000 and is based in McLean, Virginia.

Buy -

Seller(S) 1

DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 7 of 15
Sector: Internet Software and Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 1 of 8
State: California M&A 5 of 6
Country: United States M&A 6 of 12
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Rethink First

New York, New York, United States

Rethink First is a provider of web-based educational solutions supporting students with disabilities in specialized through fully included settings. Rethink First offers parent's and professionals immediate access to effective and affordable treatment tools for children with special needs. Rethink First was founded in 2007 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Clarizen

San Mateo, California, United States

Clarizen, Inc. is an Enterprise Collaborative Work Management software that connects work across the enterprise, turning ideas into strategies, plans, and actions. With Clarizen, organizations can work the way they want to work and have real-time visibility into all their workstreams. Clarizen is based in San Mateo, California.

Sell -