Acquisition brings business intelligence solution to growing DACH business; complementary product supports IDL customers and partners
RALEIGH, N.C. – October 20, 2022 – insightsoftware, a global provider of reporting, analytics, and performance management solutions, today announced it has acquired Cubeware, a German-based business intelligence (BI), analytics, and performance management specialist. This acquisition expands insightsoftware’s footprint in Germany, Austria, and Switzerland.
For more than 20 years, Cubeware has been a leader in the field of BI, with customers that rely on insights to help solve critical problems. Its Cubeware Solutions Platform (CSP) provides organizations with a centralized dashboard for users to quickly process, visualize, and analyze relevant BI data. The single platform offers a uniform view on customers, products, and markets with interactive and responsive applications – from data management to visualizations, reports, and guided planning workflows. Finance and operations teams can easily expand, customize, and optimize BI processes across the company with little maintenance and training.
“Today’s organizations are hyper focused on empowering finance and operations teams with the ability to leverage business data to drive more strategic decision making. insightsoftware offers a vast number of solutions to enable our customers to unlock business data and achieve this reality. We have expanded our portfolio of market-leading solutions across financial planning and analysis (FP&A), controllership, capital management, and embedded analytics via strategic organic and inorganic growth,” said Dafydd Llewellyn, General Manager, EMEA at insightsoftware. “This acquisition assures existing Cubeware customers can continue to rely on CSP to address their BI needs with a new, globally-enabled partner.”
“We’re thrilled to become part of insightsoftware,” said Taha Malik, CEO of Cubeware. “This is a tremendous opportunity for our customers to address more use cases, and scale their businesses through access to more solutions, channels, and partners. I’m proud of our team and what we’ve accomplished together, and I look forward to seeing the combined companies integrate.”
insightsoftware is a leading provider of reporting, analytics, and performance management solutions. Over 32,000 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.
Cubeware GmbH, headquartered in Munich, Germany, is a leading manufacturer of BI products and performance management solutions. More than 4,000 customers worldwide rely on Cubeware. The IT provider combines industry and BI know-how from a single source via a global partner network. Through technology partnerships with Microsoft, Oracle, and IBM, Cubeware products fit seamlessly into various platforms.
CCgroup for insightsoftware
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