Cubeware becomes part of insightsoftware
GHz Partners advises insightsoftware on its acquisition of Cubeware
GHz Partners is pleased to announce that it acted as the exclusive financial advisor to insightsoftware, a global provider of reporting, analytics, and performance management solutions on its acquisition of Cubeware, a German-based business intelligence (BI), analytics, and performance management specialist. This was the second mandate for GHz Partners from insightsoftware following the acquisition of IDL Group in 2020.
Headquartered in Bavaria, Germany, Cubeware offers Cubeware Solutions Platform (CSP), which provides approx. 4,000 customers with a centralized dashboard for users to quickly process, visualize, and analyze relevant BI data. The single platform offers a uniform view on customers, products, and markets with interactive and responsive applications – from data management to visualizations, reports, and guided planning workflows.
insightsoftware is a leading provider of reporting, analytics, and performance management solutions and a portfolio company of TA Associates, Hg Capital und Genstar Capital. Over 32,000 organizations worldwide rely on the company to support business needs in the areas of accounting, finance, operations, supply chain, tax, budgeting, planning, HR, and disclosure management.
“Today’s organizations are hyper focused on empowering finance and operations teams with the ability to leverage business data to drive more strategic decision making. insightsoftware offers a vast number of solutions to enable our customers to unlock business data and achieve this reality. We have expanded our portfolio of market-leading solutions across financial planning and analysis (FP&A), controllership, capital management, and embedded analytics via strategic organic and inorganic growth,” said Dafydd Llewellyn, General Manager, EMEA at insightsoftware. “This acquisition assures existing Cubeware customers can continue to rely on CSP to address their BI needs with a new, globally-enabled partner.”
“We’re thrilled to become part of insightsoftware,” said Taha Malik, CEO of Cubeware. “This is a tremendous opportunity for our customers to address more use cases, and scale their businesses through access to more solutions, channels, and partners. I’m proud of our team and what we’ve accomplished together, and I look forward to seeing the combined companies integrate.”
The terms of the transaction were not disclosed.