|

Back to News
& Events
Exact Software Acquires Longview Solutions
Strategic Acquisition of Leading Corporate Performance Management (CPM) Software Company to Enrich Exact's Solution Portfolio Beyond Traditional ERP
October, 2007 | Minneapolis, MN |
Longview Solutions, a leading provider of Corporate Performance Management (CPM) software solutions, has been acquired by Exact Software, one of the world's leading providers of business software solutions. This strategic acquisition will strengthen Exact’s business empowerment software portfolio by adding Longview’s powerful CPM platform, and will accelerate Exact’s expansion into the higher end of the mid-market. In turn, Longview will benefit from Exact’s financial strength and geographic footprint as it continues to deliver best-in-class CPM software and services to the enterprise market and further expands into the mid-market. The transaction is expected to close in the fourth quarter.
“The strategic fit of this acquisition is excellent. Longview will broaden our solution portfolio beyond traditional ERP and the complementary market focus facilitates our expansion into the higher end of the mid-market,” said Raj Patel, CEO of Exact. “We are very excited about and absolutely committed to Longview’s proven technology, the quality and knowledge of its employees, and its diverse and distinguished customer base. It also enables our mid-market customer base to benefit from Longview’s experience and expertise in performance management. This is a milestone for Exact in executing our strategy towards becoming the leading business empowerment software company.”
"We are very excited to be joining the Exact family. The two organizations and our respective product suites complement each other very well," said Mark E. Burton, President and CEO of Longview. " Longview has long been recognized as a visionary and technology leader in corporate performance management. This acquisition will allow us to continue to deliver on Longview's technology roadmap and accelerate the execution of our sales and marketing strategy. In addition, we believe that a significant number of our customers could benefit from the Exact e-Synergy platform." Headquartered in the Netherlands, Exact Software has offices in 40 countries, more than 100,000 customers, and revenues of $330M.
TripleTree acted as exclusive financial advisor to Longview. "Exact and Longview represents an excellent strategic fit with very complementary products. The Longview management team is also excited to join Exact because of the cultural fit and opportunity to accelerate the Longview business," said TripleTree Founding Managing Partner Dave Henderson.
About Longview Solutions
Longview Solutions provides CPM software that leading companies like Boeing, Cisco, Time Warner, and GE Healthcare use to drive performance with speed, visibility and financial integrity. Since 1994, many of the world’s most respected companies have been using its technology platform to support the diverse needs of their complex finance organizations.
About Exact Software
Established in 1984, Exact Software is one of the world’s leading providers of business software solutions. Its integrated solutions comprise traditional Enterprise Resource Planning (ERP) as well as related software solutions such as Human Resource Management (HRM), Customer Relationship Management (CRM), Project Management and Electronic Workflow.
Exact is headquartered in Delft, the Netherlands and has offices in Europe, the Middle East, North, Central and South America, Asia, Australia and Africa. With around 2,600 employees, subsidiaries in more than 40 countries, and solutions available in 40 languages, Exact currently serves customers is more than 125 countries.

TripleTree, LLC is a research-based investment bank serving growth companies, investors and global acquirers. TripleTree conducts proprietary research that guides our work in M&A, growth capital and financial advisory services. Our value-based approach benefits technology-enabled businesses in sectors where delivery models are converging technology and services, and all sectors where CEO’s and investors are in search of creative ways to disrupt markets and unleash value.
TripleTree’s unique personality is shaped by the experience of our principals who as former business builders and transaction professionals create strategic outcomes that maximize value for our clients. The firm is located in Minneapolis. |

Top
|