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Datasite
editDatasite is a SaaS company that provides software used in mergers and acquisitions (M&A), including virtual data rooms and related tools for due diligence and deal management. Formerly known as Merrill Corporation, Datasite is headquartered in Minneapolis, Minnesota..[1]
History
editThe company was founded in 1968 as K.F. Merrill Company, initially offering financial printing services.[2] The company rebranded as Datasite in 2020, reflecting a shift toward software offerings for M&A professionals.[3] Rusty Wiley became CEO in 2014 after a career at IBM.[4]
In December 2020, Datasite was acquired by funds managed by CapVest Partners LLP, an international private equity firm to accelerate Datasite's growth.[5]
As of 2025, Datasite had approximately 2,000 employees and supported deal activity in around 180 countries.[6]
Acquisitions
editSince 2021, Datasite has acquired several companies to expand its offerings. Acquisitions have included:
- Firmex: In July 2021, Datasite acquired Firmex, a Toronto-based VDR provider.[7]
- MergerLinks: In August 2023, Datasite acquired London-based MergerLinks, a financial data platform, used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions.[8]
- Sherpany: In February 2024, Datasite acquired Zurich-based Sherpany, a provider of board reporting and meeting management software.[9]
- Ansarada: In September 2024, Datasite acquired Sydney-based virtual data room provider Ansarada for AUD$236 million.[10]
- Sealk: In September 2024, Datasite acquired Sealk, an AI-driven deal sourcing platform.[11]
- Grata: In June 2025, Datasite acquired New York-based Grata, an AI-powered, private market intelligence company.[12]
- Blueflame AI: In July 2025, Datasite acquired New York-based Blueflame AI, which provides agentic Al solutions for investment and financial services.[13]
- Sourcescrub: In August 2025, Datasite acquired California-based deal sourcing platform Sourcescrub to further enrich the deal sourcing data offering.[14]
These acquisitions expanded Datasite’s capabilities into deal sourcing, board software, and AI-driven market intelligence.
- ^ Halter, Nick (24 March 2020). "Merrill Corp. changes name, moves to downtown Minneapolis". www.bizjournals.com. Minneapolis/St. Paul Business Journal. Retrieved 17 June 2025.
- ^ "Axial". network.axial.net. Retrieved 20 June 2025.
- ^ Halter, Nick (24 March 2020). "Merrill Corp. changes name, moves to downtown Minneapolis". www.bizjournals.com. Minneapolis/St. Paul Business Journal. Retrieved 17 June 2025.
- ^ "Merrill CEO Retires After 30 Years; IBM Exec Takes Over". Twin Cities Business. 11 July 2014. Retrieved 17 June 2025.
- ^ Reilly, Mark (20 October 2020). "Datasite, the former Merrill Corp., is bought by CapVest Partners". www.bizjournals.com. Minneapolis/St. Paul Business Journal. Retrieved 17 June 2025.
- ^ Kennedy, Patrick (4 June 2025). "$200M acquisition by Minneapolis company will help it aid other firms make deals". The Minnesota Star Tribune. Retrieved 20 June 2025.
- ^ Scott, Josh (26 July 2021). "Firmex acquired by US-based Datasite in Vertu Capital's first exit | BetaKit". Betakit. Retrieved 17 June 2025.
- ^ Clarke, Paul (23 August 2023). "Datasite buys dealmaker ranking platform MergerLinks". www.fnlondon.com. Financial News.
- ^ Mersetzky, Michaela (27 February 2024). "US firm Datasite agrees deal to acquire Sherpany". S-GE. Switzerland Global Enterprise. Retrieved 17 June 2025.
- ^ Goh, Jassmyn (13 February 2024). "Datasite to acquire Ansarada for $236m". Capital Brief. Capital Brief Pty Ltd. Retrieved 17 June 2025.
- ^ Rubat du Mérac, Baptiste (4 September 2024). "Sealk identifie un acquéreur américain". CFNEWS (in French). CFNEWS (Corporate Finance News). Retrieved 17 June 2025.
- ^ Armental, Maria (3 June 2025). "Exclusive | Private Equity-Backed Datasite Acquires Private-Markets Intelligence Company Grata". Wall Street Journal. Retrieved 16 June 2025.
- ^ Lawler, Ryan (23 July 2025). "Exclusive: Datasite buys Blueflame AI to turbocharge M&A workflows". Axios. Retrieved 23 July 2025.
- ^ Cavanagh, Cassady (8 August 2025). "CapVest's Datasite Purchases Sourcescrub". www.themiddlemarket.com. Retrieved 17 August 2025.
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