19 January 2022
We have advised corporate intelligence firm Insightia on its successful sale to Diligent.
The sale, publicly finalised on 11 January, will enable Diligent to add further detail to their technology platforms which help organisations improve governance practices.
Insightia formed in 2020, following the merger of two companies, Activist Insight and Proxy Insight.
Its SaaS products offer information and analytics for listed companies, with a focus on shareholder activism, proxy voting and corporate governance.
Taylor Wessing partner Karima Hudson lead the transaction. She said: "Insightia have a fantastic product which has supported many companies to make better informed decisions. The acquisition by Diligent shows the strength of their offering, which will now be combined with Diligent's platform to create an even stronger product for users.
Diligent's existing SaaS technology already provides solutions for governance, risk, compliance and ESG to one million users across 25,000 companies.
Insightia co-founder and CEO Kerry Pogue said: "Karima and the team at Taylor Wessing did a great job for us. This process could have been complicated but they have taken care of all the legal elements to ensure the sale process was smooth and hassle free for us. We appreciate both their support and professionalism."
Following the acquisition it is hoped Diligent will be able to provide an even more detailed view across organisations, to enable better insights and improved decision making.