Case Study

Visual BI Acquired By Atos

has been acquired by

Solganick & Co. advises a successful sell side transaction for data analytics IT consultant, Visual BI in its sale to European-based, digital transformation and cybersecurity leader, Atos.

About Visual BI

Visual BI is a data analytics IT consulting firm with offices in Dallas and India. The Company is a Snowflake Elite Partner and provides cloud data management and integration services.

Situation

  • The founder of Visual BI selected Solganick & Co. to assist in evaluating and executing its M&A plans after the Company received an unsolicited offer.
  • The Solganick & Co. team was confident in its ability to leverage its deep domain expertise and relationships to procure multiple, high-quality offers in excess of the initial offer received by the Company.
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About Atos

Atos is a global leader in digital transformation with 111,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries.

Outcome

  • Solganick & Co. conducted an efficient, focused and highly competitive M&A marketing process involving potential financial and strategic buyers.
  • Several highly-qualified parties expressed interest and submitted compelling offers.
  • After discussions and preliminary negotiations with numerous groups, ATOS/MavenWave ultimately put forth the most compelling offer.
  • Solganick was able to increase the upfront cash amount by 50% and total valuation by 25%.
  • Through the transaction, Visual BI’s founders were able to maximize cash at close with a very attractive market driven transaction multiple.
  • The transaction was announced in July 2021 and closed the following month in August 2021.
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