Deal expands insightsoftware’s enterprise performance management solutions with powerful charting that helps to visualize data and drive faster, better decision-making for the Office of the CFO
RALEIGH, N.C. – April 23, 2020 – insightsoftware, the global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions, today announced it has acquired Mekko Graphics, a global provider of data visualization and financial presentation software for enterprises. Terms of the deal were not disclosed.
Based near Boston, Mass., Mekko Graphics solutions enable financial professionals to automate the creation of visually compelling charts that help to clarify and drive strategic business decisions. The company works with seven of the nation’s top 10 consulting firms, 75 percent of the top private equity firms and 50 percent of Fortune 100 companies, serves a wide range of industries – from manufacturing and financial services to consumer goods and technology – and counts major multinational brands as customers, including Facebook, Fidelity Investments, Microsoft, Sanofi, Netflix, Starbucks, Toyota, and Walmart, among many others.
The acquisition builds on insightsoftware’s strategy to offer a comprehensive portfolio of solutions for the Office of the CFO that simplifies, automates and increasingly visualizes financial processes, such as reporting, planning, budgeting and tax management. insightsoftware customers will benefit from the ability to instantly transform live enterprise data from ERP and EPM systems into sophisticated Excel and PowerPoint charts. Mekko Graphics provides numerous chart types, such as marimekko, bar mekko, cascade, bubble and more, as well as advanced features that allow users to convey essential points with fewer charts. With more than 30 pre-built charts, finance teams can select the optimal template to tell their story and highlight key messages visually – for example, highlighting financial results or profit drivers or evaluating acquisition candidates.
“Creating engaging visuals to augment reporting is often a highly manual and time-intensive process for finance pros,” said Mike Lipps, CEO at insightsoftware. “The addition of Mekko Graphics changes this paradigm for our customers, enhancing our financial reporting and EPM solutions with robust, automated charting that dramatically boosts productivity. Together, we are empowering the Office of the CFO to quickly and easily report, analyze and visualize data, driving financial intelligence throughout their organizations – an asset that is always critically important, and even more so in times like these.”
“Over the last 25 years, we’ve built a best-in-class charting solution that is helping companies all over the world to tell their stories through visuals that are meaningful and impactful,” said David Goldstein, president at Mekko Graphics. “With its focus on streamlining and accelerating processes for the Office of the CFO, joining the insightsoftware family is a natural fit. Through its worldwide reach, more organizations will be able to reap the benefits of our charting solution, and our customers will gain access to a wide range of ERP- and EPM-based financial reporting and EPM solutions that seamlessly integrate with Mekko Graphics charting.”
Based in Raleigh, North Carolina, insightsoftware serves over 500,000 customers in more than than 130 countries, and is backed by TA Associates, Genstar Capital, and ST6 Partners.
insightsoftware is a leading provider of financial reporting and enterprise performance management software. We enable the Office of the CFO to connect to and make sense of their enterprise data in real time so they can proactively drive greater financial intelligence across their organization, which is how best-in-class finance teams operate. Over 25,000 organizations worldwide rely on insightsoftware’s portfolio of best-in-class reporting, analytics, budgeting, forecasting, consolidation, and tax solutions to provide them with increased productivity, visibility, accuracy, and compliance. Visit insightsoftware.com for more information.
About Mekko Graphics
Founded in 1995 as Knowledge Management Associates, we are a leader in strategic charting. Our software was developed in conjunction with a top tier strategy consulting firm and it has been used by leading consultancies, private equity firms and global companies for more than 20 years. Mekko Graphics enables users to utilize unique chart types and add analytical enhancements that result in more compelling and insightful charts. Our customers note that Mekko Graphics improves both the productivity of strategy, marketing and finance professionals and the quality of their presentations.