Deal accelerates growth opportunities and global footprint for both organizations
RALEIGH, N.C. – May 24, 2022 – insightsoftware, a global provider of reporting, analytics, and performance management solutions, today announced it has acquired Clausion, a provider of cloud-based corporate performance management solutions and services. With this acquisition, insightsoftware expands its consolidation and budgeting and planning offerings in Finland. The deal also demonstrates insightsoftware’s commitment to scale globally and expand its footprint across Europe.
Budgeting and planning in today’s business environment is constantly changing, making it critical that an organization has flexible and reliable budgeting tools. At the same time demand for transparency in Financial Consolidation increases. Clausion’s platform for planning and financial consolidation is designed to work as the center for all financial data. As a cloud-based solution, it offers near real-time, on-demand access to an organization’s operational and financial data and converts that data into one unified form. Users can focus on analyzing the data rather than collecting it, ultimately saving time and money, and lowering overall risks. Clausion integrates with insightsoftware’s market-leading financial reporting functionality to give large to medium-sized companies and public sector customers the ability to report on every area of their business.
“In every organization, big or small and regardless of industry, budgeting and planning is a critical business component. This is significant growth area for insightsoftware, and it’s a key extension of financial reporting – our bread and butter,” said Jim Triandiflou, CEO of insightsoftware. “Clausion’s financial consolidation and business planning platform complements our product portfolio as we continue to expand into new markets and help more finance and operations teams unlock their business data. We look forward to welcoming the talented employees, customers, and partners of Clausion into the insightsoftware family.”
“We are delighted to be joining insightsoftware, a company that shares our vision for growth, as well as our commitment to our employees, customers, and partners,” said Tomi Lod, CEO of Clausion. “This transaction will enable us to scale faster, while providing our customers access to expanded offerings and services backed by the strength of a global organization. Joining insightsoftware represents the next chapter for Clausion. I’m incredibly proud of what our team has accomplished together.”
Iikka Moilanen, Investment Professional at Verdane (Clausion is a Verdane Portfolio Company): “Verdane is extremely happy to have been part of the journey during the past years and to now see Clausion entering this next phase of its growth. Having started by building an independent business after the many successful years under Basware, the Clausion team has during the past four years successfully launched the current cloud-based product and taken the first steps towards internationalization of the company, as well as importantly, merged with Tabella, broadening the offering to cover the needs of customers from SME to enterprise. I’d like to take the opportunity to thank and congratulate Tomi and the entire team both at Clausion as well as insightsoftware. We are confident that Clausion’s product will provide a great addition to insightsoftware’s portfolio, helping improve quality in financial reporting for customers in new markets globally.”
insightsoftware’s acquisition of Clausion follows additional investments it has made in expanding offerings for budgeting & planning, operational reporting, and cloud-based accounting rules, including the acquisitions of CALUMO, Magnitude Software, and Legerity.
Access Partners acted as financial advisor to Verdane and other shareholders of Clausion.
insightsoftware is a leading provider of reporting, analytics, and performance management solutions. Over 30,000 organizations worldwide rely on us to support business needs in the areas of accounting, finance, operations, supply chain, tax, budgeting, planning, HR, and disclosure management. We enable the Office of the CFO to connect to and make sense of their data in real time so they can proactively drive greater financial intelligence across their organization. Our best-in-class solutions provide customers with increased productivity, visibility, accuracy, and compliance. Learn more at insightsoftware.com.
Clausion is an independent and experienced growth company offering cloud-based corporate performance management solutions and services that enable customers to succeed in their daily lives. Their industry independent solution combines financial consolidation and business planning systems, including add-on package solutions for IFRS, any GAAP, and Public Sector. To learn more, visit clausion.com.
CCgroup for insightsoftware
Public Relations and Communications Manager