Case Study: Solganick Advises Visual BI on Acquisition by Atos

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.

    Visual BI is a Snowflake premier partner and provides data analytics and business intelligence consulting, systems integration, and advisory services.

    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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    Frequently Asked Questions

    1 How did Solganick & Co. assist Visual BI in their acquisition by Atos?

    Solganick & Co. advised Visual BI on a successful sell-side transaction. They leveraged their deep domain expertise and relationships to procure multiple, high-quality offers, ultimately increasing the upfront cash amount by 50% and total valuation by 25% for Visual BI's founders.

    2 What was the outcome of Solganick & Co.'s M&A process for Visual BI?

    Solganick & Co. conducted an efficient, focused, and highly competitive M&A marketing process. This resulted in several highly-qualified parties expressing interest, with ATOS/MavenWave ultimately putting forth the most compelling offer, allowing Visual BI's founders to maximize cash at close.

    3 Does Solganick & Co. have experience with companies that receive unsolicited offers?

    Yes, this case study demonstrates Solganick & Co.'s expertise in assisting companies like Visual BI after receiving an unsolicited offer. They were confident in their ability to secure superior offers through a structured and competitive M&A process.

    4 What kind of companies does Solganick & Co. typically advise in M&A transactions?

    Solganick & Co. specializes in advising technology and IT services companies. In this case, they advised Visual BI, a data analytics IT consulting firm and Snowflake Elite Partner, showcasing their expertise in cloud data management and integration services.