Longview Solutions Inc, a Toronto-based provider of corporate performance management and tax provisioning software, has been acquired by U.S. private equity firm Marlin Equity Partners. The seller in the undisclosed transaction was Dutch software company Exact Holding N.V., which bought Longview in 2007 for US$51.5 million. Prior to 2007, the company had been a portfolio investment of U.S. venture capital firm Edison Ventures, Canadian specialty finance firm Wellington Financial and other investors. Marlin said it plans to accelerate and strengthen Longview’s product portfolio through both organic growth and strategic acquisitions.
Longview Solutions Acquired by Marlin Equity Partners
TORONTO, July 1, 2014 /PRNewswire/ — Longview Solutions (“Longview”), a leading provider of corporate performance management (“CPM”) and tax provisioning software, today announced it has been acquired from Exact Holding N.V. by Marlin Equity Partners (“Marlin”).
“Longview represents an excellent platform for growth in the expanding corporate performance management space and is particularly differentiated by its market-leading integrated tax data management and provisioning software,” said Shawn McMorran, a partner in Marlin’s London office. “We are committed to accelerating and strengthening Longview’s already robust product portfolio through both organic growth and strategic acquisitions.”
“We are extremely excited on behalf of our clients and employees to be partnering with Marlin. Our company will be more focused than ever on delivering value to clients, driving market-leading innovation and pursuing growth opportunities,” said John Power, CEO of Longview Solutions.
Longview has been helping clients create a single repository of financial data for the office of the CFO for more than 20 years, and is recognized as a visionary and technology leader in the CPM and tax solutions industry. Marlin shares Longview’s strategic vision and supports its commitment to innovation, product excellence and customer centricity. This shared vision will enable Longview to pursue an aggressive growth strategy and further strengthen its leadership position in the industry.
“With market-leading corporate performance management and tax solutions deployed across hundreds of blue chip clients, Longview represents a compelling platform with proven technology and an experienced management team. We look forward to working with them to expand the business globally,” said Eric Hinkle, an operating partner to Marlin.
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management, and has an extensive and successful track record in the technology industry. Marlin and Longview will work together to ensure this ownership transition is as smooth and transparent as possible for customers and employees.
About Longview Solutions Founded in 1994, Longview provides corporate performance management and tax provisioning software solutions to enterprises worldwide. The company’s flagship product, Longview 7, is a unified, scalable platform that automates any one, or combination of the following financial processes: financial planning, budgeting, forecasting, modeling, disclosure management, statutory consolidation, management reporting, profitability analytics, tax data collection, tax provision/reporting and tax planning. Longview’s customers rely on the company’s solutions to create a single-source system to better manage their businesses and significantly improve data integrity, decision-making, visibility and financial transparency. For more information, please visit www.longview.com .
About Marlin Equity Partners Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 75 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com .
Longview Solutions Inc.
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