Insightsoftware, a global provider of reporting, analytics, and performance management solutions, acquired Dundas Data Visualization, Inc., a Toronto, Canada-based business intelligence (BI), analytics, and data visualization platform.
The deal’s amount was not disclosed.
insightsoftware plans to leverage the Dundas platform to enhance its existing Logi solutions, notably adding an extract, transform, and load (ETL) engine and pixel perfect reporting.
Troy Marchand, Dundas CEO, is leading the development of DundasBI. This platform provides software providers with the ability to customize dashboards and reports and visuals. It was designed to provide self-service analytics with integration into multiple data sources. DundasBI’s open architecture makes it easy for software developers to create, extend, embed, and embed white-label solutions in data analytics.
Jim Triandiflou, CEO of insightsoftware, is the company’s chief executive officer. The company provides reporting, analytics and performance management solutions. It’s used by over 30,000 companies worldwide to support business needs in the areas accounting, finance, operations and supply chain.
“Tequity has been a fantastic partner in helping us bring our transaction to completion. Their SaaS market expertise, reach, and well managed process are exceptional and exceeded our expectations. Anish, who advised us through the process from pre-sale preparation through to completion, was fantastic at balancing our needs as sellers with the buyer’s requirements to bring the deal to a close. Very, very well done.”
“It was a great pleasure working with the Dundas and insightsoftware teams. Despite recent public market volatility and economic headwinds, SaaS deal volume and valuations in the middle market continue to show strength and resiliency,” said Alex MacKay, Managing Partner at Tequity.