Datasite, a leading provider of SaaS-based technology for M&A professionals, has announced the acquisition of London-based financial data platform, MergerLinks. The move is set to expand Datasite’s M&A technology offering and provide a comprehensive solution for dealmakers across the globe.
With this acquisition, Datasite aims to become the go-to platform for M&A professionals by offering innovative technology that streamlines and accelerates the deal-making process. The financial terms of the deal remain undisclosed, but MergerLinks and its management team will operate as a strategic product unit within Datasite.
Rusty Wiley, CEO of Datasite, expressed the company’s commitment to facilitating deals faster and more effectively through cutting-edge technology. By integrating MergerLinks’ vetted deal and relationships data into its existing suite of applications, Datasite will now support the ideation phase of transactions. This, combined with their other deal pipeline, marketing, preparation, diligence, and acquisition applications, creates a unique, all-in-one platform that reduces deal friction and optimizes outcomes for dealmakers.
MergerLinks’ platform is known for providing verified data on over 240,000 M&A professionals and over 9,000 advisory firms, including their involvement in past transactions. This enables users to easily identify potential deal partners and advisors, streamlining the process of finding the right connections.
The acquisition also offers a comprehensive view of the M&A ecosystem, unmatched by any other platform. Datasite customers can now expand their networks, increase the number of opportunities they compete for, and identify the most relevant and active dealmakers, advisors, and contacts. Doug Cullen, Datasite’s Chief Product & Strategy Officer, stated that this combination gives dealmakers a single, unified platform for all their dealmaking needs.
In addition to its market-leading virtual data room application for conducting due diligence, Datasite has introduced new applications powered by artificial intelligence and machine learning to address various pain points throughout the deal lifecycle. Earlier this year, the company acquired Firmex, a leading virtual data room provider based in Toronto, Canada, further expanding its capabilities.
Offering its services to dealmakers in over 180 countries, including top legal and financial advisory firms, Datasite facilitated more than a quarter of the top 100 global deals in 2022. The acquisition of MergerLinks solidifies Datasite’s position as a dominant player in the M&A technology space, providing its users with unparalleled access to deal data and connections.
This strategic move by Datasite demonstrates its commitment to supporting the M&A community by continuously enhancing its technology offerings and creating a seamless experience for dealmakers. As the home of M&A, Datasite aims to empower professionals around the world with the tools they need to navigate complex transactions efficiently and successfully. With its expanded suite of applications and the integration of MergerLinks’ data, Datasite is well-positioned to lead the way in transforming the M&A industry.
