Information Builders Is Reportedly Looking For A Buyer

This is the second time this year that Information Builders started the process to sell itself after a similar move in March brought in an advisor but did not actually engage with a potential acquirer, PE Hub reported.


Business analytics and data management software developer Information Builders has started the process of looking for a buyer with Goldman Sachs Private Capital leading the process, according to a report from PE Hub.

Goldman Sachs Private Capital, which in 2017 acquired a minority stake in New York-based Information Builders, is working with Boston-based investment bank Shea & Co., which specializes in software mergers and acquisitions, PE Hub reported Monday citing four unnamed sources.

First-round bids for Information Builders have already been received, PE Hub reported.

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Information Builders did not respond to a CRN request for more information by publication time.

PE Hub also reported that Information Builders in March engaged an investment advisor, but did not actually launch the sales process.

Information Builders, or ibi, was founded in 1975, and is a privately-held provider of business analytics software with platforms aimed at providing data preparation, integration, quality, management, and government to businesses.

The company, which is listed in CRN‘s 2020 Big Data 100, was in March originally exploring an opportunity to be acquired with a value of up to $500 million, PE Hub reported.

Information Builders in June used its Virtual Summit 2020 conference to tell its 3,000-plus attendees, including over 500 channel partners, to introduce a number of enhancements to its approach to customers and channel partners, including a unified field technical organization to help customers and partners with software sales and implementation as well as a new managed services organization to deliver ibi‘s software as a service.

Information Builders in February said its 2019 annual recurring revenue in 2019 from its cloud offering quadrupled from the previous year.