DLA Piper advises insightsoftware on the acquisition of Cubeware Group
DLA Piper has advised US-headquartered insightsoftware, a portfolio company of TA Associates, Hg Capital, and Genstar Capital, on the acquisition of the German business intelligence software provider Cubeware Group from Primrose Investements. The acquisition of Cubeware will expand insightsoftware's financial consolidation and close expertise in market-specific needs for Germany, Austria, and Switzerland, and will also strengthen insightsoftware's presence and customer base in Europe.
Cubeware Group specializes in the development of software solutions and offers a business intelligence and performance management platform. Cubeware is headquartered in Germany with subsidiaries in UK, Austria, and Switzerland.
insightsoftware is a leading provider of reporting, analytics, and performance management solutions. Over 32,000 organizations worldwide rely on insightsoftware’s portfolio to support business needs in the areas of accounting, finance, operations, supply chain, tax, budgeting, planning, HR, and disclosure management. It enables the Office of the CFO to connect to and make sense of their data in real time so they can proactively drive greater financial intelligence across their organization. Insightsoftware’s solutions provide customers with increased productivity, visibility, accuracy, and compliance.
The DLA Piper team was jointly led by partner Dr Benjamin Parameswaran and counsel Dr Philipp Clemens, assisted by senior associates Friederike Rickers and Anne-Kathrin Hoppe (all Corporate, Hamburg).
insightsoftware’s internal legal team for the acquisition was led by senior corporate counsel Narasimhan Raghunathan.