Insightsoftware’s 2-for-1 deal: Latest buy expands product portfolio, physical footprint

RALEIGH – Insightsoftware, formed just a year ago with financial backing from two private equity firms, is expanding its physical footprint and adding more capabilities to its business planning and forecasting services, with another acquisition.

In its third deal made this year, insightsoftware on Wednesday disclosed it had acquired Bizview Systems. The deal is part of the firm’s efforts to win more business in the global ERP [enterprise resource planning] market which it says is now worth $31 billion annual.

Research firm Market Research Engine in a recent report said the ERP market will grow to nearly $50 billion by 2024.

With offices in Norway and Sweden, Bizview brings budgeting and reporting to the Insightsoftware portfolio. “The addition of Bizview will extend insightsoftware’s financial and operational reporting portfolio, and strengthen its planning and budgeting capabilities with advanced integration and automation and simplified and shortened planning and budgeting cycles,” insightsoftware notes.

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Financial terms were not disclosed.

“Business success today means the ability to make well-informed decisions while navigating constantly changing external forces and course-correcting on a moment’s notice,” said Mike Lipps, CEO of insightsoftware, in the announcement. “Our mission is to help CFOs and other business leaders achieve this agility – day to day and minute by minute – through access to real-time ERP and EPM data and automated reporting that is instantly useful and shareable within the organization. With Bizview, we continue to expand our global reach and grow our portfolio of financial reporting, budgeting and planning capabilities to serve more than 25,000 customers of all sizes, all over the world, using any ERP.”