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22 July 20214 minute read

DLA Piper advises insightsoftware on its acquisition of Australia-Based Bi and CPM platform Calumo

Global law firm DLA Piper has advised insightsoftware, a global provider of financial reporting and performance management solutions for the Office of the CFO on the acquisition of Australia-based business intelligence and corporate performance management (CPM) platform CALUMO. 

insightsoftware operates in every region of the world, with customers in more than 130 countries and a community of thousands of channel partners. CALUMO is a leading provider of Business Intelligence and Corporate Performance Management solutions for enterprise-wide Budget and Planning, Business Analytics, and Reporting. The company is headquartered in Sydney, Australia.

The DLA Piper Australia team was led by corporate partner Andrew Fisken and included solicitors Tara Alexander, Jessie Li and Kimberley Chee. The team also had employment support from partner Rick Catanzariti and solicitors Talitha Maugueret and Jessica Lim and intellectual property and technology support from partner Nicholas Boyle, senior associate Sylvana Romero and trade mark administrator Annie George. Our US team also supported on corporate and tax issues and included Bradley Gersich, Michael Cubell, Eileen O’Pray and Grace Guan.

Mark Lisi, Senior Vice President of Corporate Development and team lead for insightsoftware, said “we are so pleased to have CALUMO join insightsoftware, and look forward to capitalising on the opportunities this new combined business presents in the Asia Pacific Region. The DLA Piper team on this deal were nothing short of outstanding – extremely responsive and commercial, they worked around the clock to deliver results within a very tight timeframe. They are a true trusted partner for insightsoftware.”

Andrew Fisken, lead Australian partner on the deal, said “This is an exciting acquisition for insightsoftware, and an important next step for the CALUMO platform which can now leverage the global footprint of insightsoftware to extend its reach into many new markets.  It’s rewarding to support these great businesses on this acquisition; by leveraging the DLA Piper global M&A offering we were able to run this deal to a very compressed timetable, working across time zones and delivering our client a successful outcome.”