Planview Expands Global Reach with Sciforma Acquisition
Deal News | Feb 20, 2025 | Ropes & Gray
Planview, a leader in strategic portfolio management and digital product development, has completed its acquisition of Sciforma, a company specializing in project portfolio management and product development solutions. The deal, announced on February 18, enhances Planview's position as a global leader in providing portfolio management solutions, with over 2.7 million users worldwide. The acquisition was facilitated by the legal expertise of Ropes & Gray. Headquartered in Austin, Texas, Planview's acquisition of Sciforma represents a strategic move to expand its offerings and strengthen its market presence.
Sectors
- Software and Technology
- Private Equity and Legal Advisory
Geography
- United States – Planview is headquartered in Austin, Texas, and the legal advisory firm, Ropes & Gray, is also based in the United States. The transaction has significant implications for the US market.
Industry
- Software and Technology – The acquisition involves companies specializing in strategic portfolio management, project portfolio management, and product development solutions, all integral to the software and technology industry.
- Private Equity and Legal Advisory – Ropes & Gray, a legal advisory firm, played a key role in facilitating the acquisition, highlighting the involvement of the private equity and legal advisory industries.
Financials
- Not Disclosed – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Planview | Bidding Company | Company | A leading platform for strategic portfolio management and digital product development, headquartered in Austin, Texas. |
| Sciforma | Target Company | Company | A provider of project portfolio management and product development solutions. |
| Ropes & Gray | Legal Advisor | Company | A legal advisory firm that represented Planview in the acquisition. |