Merger brings expanded product offering and global reach
TORONTO, March 31, 2015 /PRNewswire/ -- Longview Solutions ("Longview") announced today that it is merging with Germany-based arcplan Holding GmbH ("arcplan"), a leading provider of Business Intelligence (BI) and Corporate Performance Management (CPM) software. With the addition of arcplan, Longview extends its business planning and analytics platform, and strengthens its position in Europe and Asia. Longview is a privately held company backed by Marlin Equity Partners, a global investment firm with over $3 billion of capital under management.
"We are excited to bring Longview and arcplan together. The combination will accelerate our product development roadmap and expand the global opportunities for both companies," said John Power, Chief Executive Officer of Longview Solutions. "We are committed to providing solutions that empower finance professionals to better understand and manage their companies. The merger underscores our aggressive growth strategy to strengthen our leadership position in the industry."
The merger brings together the strength of Longview's robust CPM and tax solutions with arcplan's innovative capabilities in mobile reporting, data integration, dashboards and analytics. Current and future clients of both companies will benefit from an advanced business analytics single source platform that covers a wide range of analytical needs and helps drive planning and reporting process improvements that lead to increased efficiency, lower costs and revenue growth. Together, the company's operations will span the globe with offices across North America, Europe and Asia.
"Longview's best-in-class CPM and tax solutions coupled with arcplan's CPM-focused data visualization, dashboarding and reporting will enable us to deliver compelling value to companies around the world," said Roland Hoelscher, Chief Executive Officer of arcplan. "We are thrilled to join the Longview team and excited about the growth prospects."
Longview has been a Visionary in the Gartner CPM Magic Quadrant for the last 7 years and is routinely ranked as having some of the highest customer satisfaction metrics in the industry. Gartner has also recognized arcplan for their success deploying traditional CPM features of forecasting, budgeting and planning, supported by robust data integration capabilities. Both companies have an excellent reputation for delivering tremendous value, deep domain expertise, innovative technology, and high levels of service and support to blue chip clients around the world.
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 clients 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.
arcplan is a leader in innovative Business Intelligence, Dashboarding, Corporate Performance Management and Planning software solutions for desktop and mobile use. Since 1993, arcplan has enabled more than 3,200 customers worldwide to leverage their existing infrastructure for better decision making. Empowering all users to connect and collaborate with relevant information is crucial for improving business performance. With arcplan – it simply works. For more information, please visit www.arcplan.com.
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SOURCE Longview Solutions