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European law firm Fieldfisher has advised on the sale of Vizlib, a UK-based software company that builds powerful value-added products for data discovery and analytics platform Qlik Sense, to insightsoftware, a global provider of reporting, analytics and performance management solutions.
The transaction involved both the acquisition of 100% of the shares in Vizlib by insightsoftware and a complex carve-out of the Astrato Analytics business, a platform that provides a cloud-native data analytics & visualisation solutions for cloud data warehouses such as Snowflake, Databrick & BigQuery.
Astrato Analytics will continue to operate as a separate international group, maintaining a strong stand-alone brand name in the global business intelligence market.
With this deal, insightsoftware can provide Qlik users with powerful new capabilities to supercharge operational planning, reporting and analytics.
Established in London in 2016 but with international presence, Vizlib creates value-add solutions for Qlik Sense that help customers around the world elevate their approach to data visualisation and analytics.
Through its cloud-based team collaboration management software, Vizlib enables users to take their dashboarding, reporting, and project planning to new levels, driving data literacy and accelerating speed to insight across teams and organisations.
Its 1,000+ users include BMW, The United States Postal Service, Vodafone, Condé Nast, Siemens, AstraZeneca and the NHS.
Headquartered in Raleigh, North Carolina, USA, insightsoftware is a company dedicated to consolidating organisational data to round out one of the broadest reporting, analytics, and performance management solution sets available.
The Fieldfisher team was led by Corporate Partner Thomas Colmer, assisted by a cross-practice team of experts in the firm's Corporate, Tax, Incentives, Technology & Data, Employment, Immigration, Real Estate, Disputes and Competition and Regulatory teams, with support from Fieldfisher's German offices as well as Swedish, Polish and US counsel. The Fieldfisher team advised alongside sell side financial advisers D.A.Davidson and tax advisers Cooper Parry.
Commenting on the deal, Corporate Partner Thomas Colmer said:
"This was an ambitious and demanding deal requiring specialist M&A expertise, including carve-out experience, and the ability to quickly define effective solutions for multiple interested parties.
"Congratulations to our clients on both successfully closing the sale of Vizlib and the carve out of Astrato Analytics. We look forward to working with the team on the continued growth of Astrato Analytics."
Martin Mahler, CEO & Co-Founder of Vizlib and Astrato Analytics commented:
"The Fieldfisher team were stellar, in particular Thomas Colmer and Joshua Cronin, for keeping heads cool through and unusually complex and challenging transaction. It was great to feel so well supported at all hours. We are delighted with the result and look forward to working together as Astrato Analytics scales."
Fieldfisher's international technology M&A lawyers work across practice areas and offices to support tech clients – from emerging companies and mid-market businesses to established global corporates, with particular expertise in deals involving private equity and venture capital-backed organisations.
The full Fieldfisher team advising on the sale of Vizlib comprised Thomas Colmer, Mark Walker, Florian Streiber, Andrew Prowse, Claudia Schnurbusch, Josh Cronin, Tom Martin and Gurkirat Rehal.