Datasite, a leading SaaS company based in Minnesota, has announced the acquisition of Sherpany, a provider of board reporting and meeting management software headquartered in Zurich. The terms of the agreement have not been disclosed, but the transaction is expected to close in Q1 2024, pending closing conditions.
Sherpany, founded in 2011, offers software solutions that enhance productivity by streamlining the preparation, execution, and archiving of board and general meetings. This acquisition will see Sherpany operate as a strategic business unit within Datasite, continuing as a standalone entity with support from Datasite’s ongoing investment.
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Shared Vision for Streamlining Business Processes
Tobias Häckermann, Founder and CEO of Sherpany, expressed enthusiasm about joining forces with Datasite, highlighting the shared passion for leveraging technology to streamline business processes and boost organizational productivity. “Creating a world where every meeting counts has been Sherpany’s mission from the very start,” says Häckermann.
Expanding Datasite’s Product Suite
The acquisition extends US SaaS Company’s product suite with advanced functionality for board collaboration and meeting management, further enhancing organizational productivity. Rusty Wiley, President & CEO of Datasite, emphasized the commitment to delivering products that enable professionals to execute complex, strategic projects efficiently. “The acquisition of the swiss company extends our product suite with advanced functionality that facilitates board collaboration and meeting management,” Wiley added.
About Datasite
Datasite is a SaaS platform that empowers dealmakers with the necessary tools to succeed throughout the entire M&A lifecycle. Datasite Cloud offers an end-to-end platform supporting dealmakers across all stages of the deal, enabling workflow automation, generating valuable data insights, and empowering knowledge workers worldwide throughout the entire project lifecycle.
With this acquisition, Datasite and Sherpany aim to further expand the scope and reach of their board collaboration and meeting management solutions, providing significant value for customers and enhancing the efficiency of corporate governance practices.
