insightsoftware Announces Exago BI and Magnitude Software Acquisitions

Source: insightsoftware

insightsoftware continued its acquisition spree with acquisitions of Exago BI and Magnitude software, according to two press releases (1, 2). insightsoftware has already acquired embedded analytics leaders Logi Analytics and Izenda in 2021. The acquisitions aim to bolster its Logi Analytics division and reinforces the company’s product roadmap to provide a comprehensive suite of solutions in financial settings. The Magnitude Software buy is expected to close in November.

Exago BI is completely web-based and a prime embedded solution for software companies looking to provide ad hoc reporting, dashboards, and business analysis to their clients. Integration with web-based SaaS and or on-prem applications allows non-technical users to create reports and dashboards with no IT intervention. Exago BI offers a wide variety of advanced features including interactive data visualizations, geo-maps, drill-downs, user-defined formulas, and data merging into predefined templates.

Exago’s platform serves hundreds of customers including Walmart, Deloitte, and Lockheed Martin. Magnitude’s 1,300 customers include global leaders in the communications, consumer packaged goods, insurance, healthcare, manufacturing, semiconductor, and software industries. Magnitude also has a large and diverse ecosystem of ISV and channel partners that sell, integrate, and embed its solution. The buy will help insightsoftware leverage Magnitude’s SAP and Oracle knowledge across additional lines as well.

In a media statement on the news, insightsoftware CEO Jim Triandiflou said: “Our largest deal ever, insightsoftware is excited to join forces with Magnitude and offer end-to-end reporting for every department in a company. Magnitude will significantly expand our ISV partner channel and add deep SAP and Oracle expertise to our team. Further, adding Magnitude will give us market-leading content and reporting solutions for SAP, Oracle, and Microsoft, who are the three largest ERP publishers in the world.”

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