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

NameRoleTypeDescription
PlanviewBidding CompanyCompanyA leading platform for strategic portfolio management and digital product development, headquartered in Austin, Texas.
SciformaTarget CompanyCompanyA provider of project portfolio management and product development solutions.
Ropes & GrayLegal AdvisorCompanyA legal advisory firm that represented Planview in the acquisition.