Enterprise content management provider, Episerver, recently announced that it has reached an agreement to be acquired by the private equity firm, Insight Venture Partners. The New York-based firm acquired Episerver for $1.16 billion. Through this transaction, Episerver aims to further its market presence and global growth strategy, as well as increase adoption for its Digital Experience Cloud platform.
President and CEO of Episerver, Mark Duffell stated, “our vision has always been to empower our customers to move faster and bring their ideas to life. By marrying intelligent content, commerce, and marketing campaigns on a single platform in the cloud, and backed by our global partner ecosystem, we’re proud to have helped so many organizations accelerate the time to value from their digital transformation initiatives. We’ve been fortunate through our long-term partnership with Accel-KKR to deliver on our vision and in doing so grow Episerver to its current stage and market position. We believe that this new and exciting partnership with Insight Venture Partners will provide us with the ability to accelerate our product roadmap, expand our sales and marketing efforts, enhance our partner program, and ultimately grow our brand.”
Deven Parekh, managing director at Insight Venture Partners, also spoke about the acquisition, saying, “Episerver is at the center of a digital transformation market that IDC expects to reach $1.7 trillion through 2019 and is expertly helping businesses of all sizes to digitize, optimize, and personalize customer experiences. As a firm that specializes in partnering with innovative software companies, we’ve made a significant commitment to accelerate growth. Episerver is the perfect addition to our portfolio, and we look forward to working with the talented team on the next phase of this incredible opportunity.”
During the transaction, Episerver was advised by Goldman Sachs and Lazard. Houlihan Lokey served as special advisor to Accel-KKR, and Evercore advised Insight Venture Partners. The acquisition is expected to close in the third quarter of 2018.
To read Episerver’s full press release, click here.