Tofte & Company advises Wizdom A/S on its EUR 30m sale to LiveTiles

As exclusive advisor to Wizdom A/S it is with great pleasure that we can announce that the New York headquartered global digital workplace software vendor LiveTiles Limited (ASX:LVT) has signed an agreement to acquire 100% of Wizdom A/S at an aggregate price of up to EUR 30m.

 

Wizdom is a leading ‘plug and play’, Microsoft-aligned digital workplace software business. Its software provides users with the tools needed to drive employee engagement, collaboration and compliance. Wizdom will enable LiveTiles to deliver new capabilities in relation to news and content publishing as part of its intelligent workplace platform.

Headquartered in Copenhagen, Denmark, Wizdom serves a high-quality customer base of 243 customers across Europe and the rest of the world. Representative customers include Nokia, Syngenta, Saxo Bank, De Beers and Anglo American.

 

Wizdom founders John Wainer and Claus Ole Hasle will together with the senior management team join LiveTiles to drive the continued growth of the Wizdom business and to help LiveTiles advance its position as the leading intelligent workplace platform. John and Claus bring a deep level of expertise in the Microsoft ecosystem and decades of operating experience in European markets.

The acquisition provides LiveTiles with an immediate and established regional presence in Europe, fast-tracking the Company’s expansion into the region and accelerating its already impressive growth of 272% per year.

 

“For a technology company like ours, we found the right partners in Thomas, Rasmus and the entire Tofte & Company team. They truly understood the DNA of Wizdom and the market we operate in and did an amazing job illuminating the true value of what we have built. Thomas´ unique experience as a deal-maker resulted in a deal with both sides as winners. We, at Wizdom, are looking very much forward to unfold the full potential of our technology together with the rest of the LiveTiles organization.” says John Wainer, CEO of Wizdom A/S.

“Thanks to Thomas and his team at Tofte & Company we have been able to secure a great deal for everyone involved. We are very excited to welcome Wizdom with their incredibly talented team led by John Wainer and Claus Ole Hasle to our LiveTiles family.” says Matthew Brown, CFO of LiveTiles

 

“I truly believe that Wizdom and LiveTiles together is a winning formula that will be very difficult for any competitors to match. From product, to market presence, to organizational fit the two companies are made for each other and I am very much looking forward to follow their shared journey going forward.” says Thomas Tofte, Managing Partner of Tofte & Company.

 

About LiveTiles:

LiveTiles is a global software company headquartered in New York, with operations in Seattle, Tri-Cities (Washington State), San Francisco, Los Angeles, Chicago, North Carolina, Rochester, London, Sligo, Amsterdam, Sydney, Melbourne, Brisbane, Geelong and Hobart. LiveTiles offers intelligent workplace software for the commercial, government and education markets, and is an award-winning Microsoft Partner. LiveTiles’ products comprise LiveTiles Intelligent Workplace, LiveTiles Design, LiveTiles Bots, LiveTiles Intelligence, LiveTiles for SAP Software, LiveTiles MX, LiveTiles Mosaic and Hyperfish. LiveTiles’ customers represent a diverse range of sectors and are spread throughout the United States, United Kingdom, Europe, the Middle East and Asia-Pacific.

About Wizdom:
Headquartered in Copenhagen, Denmark and with offices in North America, Wizdom deliveres state-of-the-art digital workplace solutions to leading organizations across Europe and the rest of the world. Wizdom´s top-rated and award-winning intranet solution offers components to build and brand a digital workplace on top of Microsoft’s SharePoint and Office 365, empowering over 300 digital workplaces around the globe.