JustPerform: Insightsoftware Makes Strategic Game-Changing Acquisition
Deal News | Jan 15, 2025 | EIN
Insightsoftware, a prominent software provider for chief financial officers, has announced its acquisition of enterprise performance management (EPM) firm JustPerform. This transaction marks Insightsoftware's 29th acquisition since its establishment in 2018. JustPerform is renowned for its intelligent platform that simplifies financial closing and extended planning and analysis. This acquisition is expected to enhance Insightsoftware's cloud-native planning, consolidation, and reporting capabilities, providing modern integrated solutions for complex financial procedures. Monica Boydston of Insightsoftware highlighted that the addition of JustPerform will leverage Insightsoftware's global scale, benefiting both parties. Since 2018, Insightsoftware has exhibited remarkable growth, having acquired numerous companies and expanding its customer base globally.
Sectors
- Enterprise Software
- Financial Technology
Geography
- Global – Insightsoftware has a worldwide customer base with 32,000 customers and is pursuing an international growth strategy.
- Canada – Insightsoftware raised a significant round of funding in Canadian dollars, indicating a financial connection to Canada.
Industry
- Enterprise Software – The acquisition involves enterprise performance management software, which is a subset of Enterprise Software focused on optimizing business performance.
- Financial Technology – Insightsoftware provides solutions directed at Chief Financial Officers, positioning it within the realm of financial technology.
Financials
- US $761 million – The amount raised by Insightsoftware in 2021 to fuel its aggressive acquisition strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Insightsoftware | Acquirer | Company | Provider of financial software solutions for chief financial officers, formed in 2018. |
| JustPerform Inc. | Target | Company | A cloud-native enterprise performance management firm acquired by Insightsoftware. |
| GS Topco GP LLC | Business Name Holder | Company | The business name holder for Insightsoftware. |
| Monica Boydston | General Manager of EPM and Controllership | Person | Spokesperson providing insight into the strategic benefits of the acquisition. |
| Oracle Corp. | Former Acquirer | Company | Acquired Hubble, a component of Insightsoftware's formation, in 2005. |