GCA Altium advises LEA Partners on the sale of IDL to insightsoftware
Founded in 1990 and headquartered in Germany, IDL offers a financial performance management suite that includes software solutions for financial consolidation, planning, reporting and analytics. IDL is a recognised market leader by the European Business Application Research Center (BARC) with a #1 ranking for its software’s portfolio capabilities and serves mid-sized and enterprise customers across a diverse range of industries.
Sascha Pfeiffer, Co-Head of Europe at GCA Altium, said: “This transaction is the latest in advising companies delivering software for the Office of the CFO, adding to GCA Altium’s strong track-record in this space. IDL’s large, established customer base and market-leading product offering meant that this transaction attracted significant interest, and we are delighted to have advised LEA Partners throughout the process and we are convinced that insightsoftware is the right future partner for IDL to continue its success story over the coming years.”
Sebastian Müller, Founder of LEA Partners, added: “We strongly supported the IDL team to accelerate their growth during our investment period, including a variety of strategic projects covering technology, sales & marketing and value-enhancing acquisitions. We have truly enjoyed working with the entire IDL team and are delighted that IDL can continue its successful journey with insightsoftware, a truly global leader in financial reporting and enterprise performance management software.”
The terms of the transaction were not disclosed and it is expected to close later this year following regulatory approval.