Datasite is a global SaaS provider of AI-powered workflow collaboration and automation solutions for M&A, investment and strategic projects, and it is a portfolio company of CapVest Partners LLP.
Datasite acquired Grata Inc.; the announcement framed the transaction around ongoing investment in Grata, but did not disclose per-share consideration, valuation or financing terms.
Strategically, Datasite said the acquisition and continued investment in Grata will accelerate the growth of its deal sourcing and market intelligence tools; the deal also follows Datasite's 2024 acquisition of Sherpany.
Grata is a New York-based provider of an AI-native platform for private-market workflows, combining proprietary company data with integrated dealmaking software to support business development, strategic partnerships and M&A deal flow.
Datasite acquired Grata and said its ongoing investment in the target will accelerate growth of Grata's deal-sourcing and market-intelligence tools.
After closing, Grata will operate as a strategic business unit within Datasite, with co-founders Andrew Bocskocsky and Nevin Raj continuing to lead the business.