Minnesota, USA-based leading SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, Datasite acquired London, United Kingdom-based financial data platform used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions, MergerLinks. The company announced the acquisition on August 23, 2023. However, it did not disclose the amount of the transaction.
Purpose of the transaction by Datasite
With the latest acquisition of MergerLinks, Datasite’s strategy aligns to be the home of M&A. In addition, MergerLinks and its management team are operating as a strategic product unit within Datasite.
Besides, to support its growth in new markets and a wider range of use cases, in 2021, Datasite also acquired Firmex. The latter is a Toronto, Canada-based, leading virtual data room and subscription file-sharing provider.
What the Datasite official has to add
Rusty Wiley, Chief Executive Officer of Datasite, said, “Providing global dealmakers with innovative technology to facilitate deals faster and more effectively is core to Datasite’s mission. With MergerLinks’ vetted deal and relationships data, Datasite can now help facilitate the ideation phase of a transaction. Combined with our other deal pipeline, marketing, preparation, diligence and acquire applications, dealmakers now have a unique, single place where they can generate and manage their deals end to end to reduce deal friction and optimize outcomes.”
In addition, Doug Cullen, Datasite’s Chief Product & Strategy Officer, said, “Datasite customers can now expand their networks, increase the number of sell-side and buy-side opportunities they compete for, and find the most relevant and active deal makers, advisors and contacts when they need them the most. This combination means dealmakers have a single platform for dealmaking.”
What the MergerLinks official has to add
Bartosz Jaskula, MergerLinks’ founder, further said, “M&A is a people business built on credentials and relationships. We’re excited to further expand the reach of our insights with the leader in software and services for M&A professionals, helping dealmakers work smarter.”
About Datasite
Jeff Burges launched Datasite in 1986. Dealmakers in more than 180 countries make their deals in Datasite. It included 74 of the top 100 legal firms and all the top 20 global financial advisory firms. In 2022, Datasite facilitated more than a quarter of the top 100 global deals. In addition to its market-leading virtual data room application for conducting due diligence, Datasite introduced new applications to address M&A pain points across the entire deal lifecycle.
Leveraging artificial intelligence and machine learning, these applications support deal pipeline management, preparation, asset marketing, as well as buy-side acquisition.
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