Minneapolis, USA-based, is the leading SaaS platform used by enterprises globally to execute complex, strategic projects, Datasite acquired Sherpany®, a Zurich-based board reporting and meeting management software provider. The company announced the acquisition on February 21, 2024. However, it did not disclose the germs of the agreement. The transaction is expected to close in Q1 2024, subject to closing conditions.
Torch Partners, KPMG LPP and Willkie Farr & Gallagher LLP are the advisors of Datasite. Meanwhile, Macquarie Capital and Kellerhals Carrard Zürich KlG advised Sherpany.
Purpose of the acquisition by Datasite
The latest acquisition further expands Datasite’s Product Suite to Include Board Reporting and Meeting Management.
As a part of the deal, Sherpany will run as a strategic business unit within Datasite. It further plans to function as a standalone entity, supported by Datasite’s ongoing investment.
What the Datasite official has to add
Rusty Wiley, President & Chief Executive Officer of Datasite, said, “Datasite is committed to delivering products that enable professionals to execute complex, strategic projects. The acquisition of Sherpany extends our product suite with advanced functionality that facilitates board collaboration and meeting management, further enhancing organizational productivity. We look forward to integrating these capabilities into the Datasite platform, adding significant value for our customers.”
What the Sherpany officials have to comment
Tobias Häckermann, Founder and Chief Executive Officer of Sherpany, said, “Creating a world where every meeting counts has been Sherpany’s mission from the very start. Datasite and Sherpany have a shared passion for leveraging technology to streamline business processes and boost organizational productivity. We are excited to further expand the scope and reach of our board collaboration and meeting management solutions with Datasite.”
Nicole Herzog, Chairwoman of Sherpany, further said, “After more than ten years of leadership, my fellow shareholders and I are excited to pass along and entrust Sherpany to new owners, enabling this great company and its great team to continue building a leading global market player.”
Sherpany is a European-based company that was founded in 2011 and offers software that helps professionals become more productive by simplifying the planning, execution, and archiving of board and general meetings.
About Datasite
Dale Mitchell, Dave Heric, and Doug Jordan launched the company in 1993. Enterprises all around the world utilise Datasite, a top SaaS platform, to carry out intricate, strategic initiatives. Datasite’s cutting-edge tools produce unique data insights and automate workflows, enabling knowledge workers worldwide to thrive throughout the project lifecycle.
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