Treasury Management Internation Logo

insightsoftware to Acquire Magnitude

Published 

London – insightsoftware, a global provider of financial reporting and performance management solutions for the Office of the CFO, today announced it is acquiring Magnitude, a leader in operational reporting and continuous intelligence for data-driven enterprises. The acquisition is expected to close in early November. The deal reinforces insightsoftware’s vision to provide a comprehensive suite of software solutions to help organisations run a world-class financial operation.

Magnitude has become a leader in helping companies transform their data into a competitive advantage, offering self-service operational reporting and process analytics with an extensive library of customisable report templates for Oracle and SAP ERP systems. The company’s data integration and connectivity solutions help customers better manage distributed data sources across the enterprise. Additionally, Magnitude’s SAP-certified Solution Extensions speed implementations of SAP S/4HANA Central Finance while greatly accelerating integration with third-party ERP systems.

“Our largest deal ever, insightsoftware is excited to join forces with Magnitude and offer end-to-end reporting for every department in a company,” said Jim Triandiflou, CEO of insightsoftware. “Magnitude will significantly expand our ISV partner channel and add deep SAP and Oracle expertise to our team. Further, adding Magnitude will give us market-leading content and reporting solutions for SAP, Oracle, and Microsoft, who are the three largest ERP publishers in the world.”

Headquartered in Austin, TX with offices around the world, Magnitude’s 1,300 customers include global leaders in the communications, consumer packaged goods, insurance, healthcare, manufacturing, semiconductor, and software industries. Magnitude also has a large and diverse ecosystem of ISV and channel partners that sell, integrate, and embed its solutions, including hyperscale cloud providers, leading software vendors, and global systems integrators. 

The acquisition will extend insightsoftware’s global presence with Magnitude centres of excellence in North America, the Netherlands, the United Kingdom, and a major engineering, development, and services operation in India, which insightsoftware plans to expand. These resources will help insightsoftware leverage Magnitude’s SAP and Oracle knowledge across additional insightsoftware products. 

“As a company with a similar vision and ambition, we are excited to join insightsoftware as one team to quickly bring our continuous intelligence solutions to more companies and share new financial reporting capabilities with our customers,” said Jeffery Shoreman, CEO of Magnitude. “With its scale and reach, deep ERP integrations, and strength in data-driven solutions, insightsoftware is the ideal partner to grow our business and deliver more value to our partners and customers.”

insightsoftware’s acquisition of Magnitude follows additional investments it has made in expanding its operational reporting and embedded analytics business, including the acquisitions of Logi Analytics, Exago and Izenda. Earlier this year, Hg Capital made a significant investment in insightsoftware that valued the company at approximately $4 billion and was designed to fuel a growth strategy through key acquisitions and organic growth.

Most recent episodes

Realising Treasury’s True Value – A Strategy for Change

Join John Meehan (Froneri) to hear how Froneri utilised a year of no acquisitions and no meetings to implement a total transformation project through implementation of a TMS, unlocking the true value of his corporate...

49:14

Lessons from Innospec on Building a Strong Cash Culture

Without ready access to the key metrics of cash forecasting, Andrew Hawes (Innospec) knew the business could do little more than react to events. But without the collaboration of key stakeholders too, he knew that...

35:08

How to Make Your TMS the Ultimate Investment Tool

The right TMS can be a huge asset to treasury. But these one-stop shops often fall short when it comes to short term investment workflows. In this podcast, Ed Lopez, James Griffin (Calastone), Jeannot Jonas (Carrier...

01:24:00

Best Strategies for Driving Cash Visibility: Advice You Can’t Google

What are the best strategies for facilitating cash visibility, and how can treasurers promote everlasting tech adoption within their departments? Serrala’s Nancy Zhang...

35:23

Innovations in Retail Payments

The fallout from the pandemic has radically accelerated changes in consumer behaviour on a global scale. The payments sector has had to quickly adapt in order to keep up with the emerging demands of both digital consumers and retail corporates, resulting in some...

36:40

The Future of ESG in Treasury

In this podcast, Melissa Moi, Peter Jameson and Venkat ES from Bank of America join TMI’s Eleanor Hill to determine where the ESG journey is heading next. Our expert panel consider how changing regulation, technology solutions and metrics including ESG KPIs...

26:50

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58