STG has sold Sciforma to Planview, a portfolio company of TPG and TA Associates

Sciforma

Founded in 1982 and headquartered in Neuilly-sur-Seine, France, Sciforma is a leading Software as a Service (SaaS) provider of advanced project management solutions. Its comprehensive Vantage platform includes SaaS-based products for Advanced Project Portfolio Management (PPM), Strategic Portfolio Management (SPM) and Collaborative Work Management (CWM). The company operates through ~275 employees across four global offices in France, Germany, India, Japan, the U.K. and the U.S. For more information, please visit www.sciforma.com.

The Deal

Lincoln International advised STG and Sciforma on the sale, leveraging its PPM and Workflow SaaS experience, specialized market knowledge and perspectives on buyers. Lincoln had Sciforma present at its Private Capital Markets Conference in 2023, which generated early buyer excitement and provided key insights and feedback on how best to strategically position the business around key investor focus areas. This helped Lincoln curate a broad universe of international buyers and drive a highly competitive process that resulted in multiple compelling offers and a strategic outcome.

Sunit Mukherjee, Managing Director at STG, commented, “The Lincoln team was a true partner on this transaction, helping us to prepare and navigate through a tricky market, and delivered a great outcome for STG. They readily brought their market knowledge, thoughtful company positioning, international buyer access and seamless cross-border execution capabilities to bear. This represents STG’s third deal with the Lincoln team, and hopefully we can work together on many more.”

Doug Braun, CEO of Sciforma, added, “Lincoln was a valuable partner to me and the management team throughout this transaction. Their command of the process allowed me to focus on running the business, ensuring strong company performance while buyers finalized diligence, which was key to achieving this outcome.”

Our Perspective

Griffin Bealle, Lincoln Managing Director who co-led the transaction, commented, “We’re delighted to have advised on this landmark transaction in a mission-critical SaaS category. Planview’s acquisition of Sciforma reflects continued strategic activity in the sector due to the convergence of PPM, SPM, CWM and other project management adjacencies like value stream management and enterprise architecture, given customers’ preference for a unified suite of modules as a single “source of truth.” These trends not only grow the addressable market for leading vendors like Sciforma but also underpin greater value for customers.”

“We believe the transaction is a good illustration of Lincoln’s differentiated value proposition, where its industry experience and fully integrated cross-border teams seamlessly deliver superior outcomes for its clients,” Matthieu Rosset, Lincoln Managing Director who co-led the transaction, added.

STG

STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering with a goal to build customer-centric, market winning portfolio companies, STG seeks to create sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies. For more information, please visit www.STG.com.

Planview

Planview is a leading end-to-end platform for SPM and Digital Product Development (DPD), giving its customers the strategic foresight to prioritize investments and initiatives, make those plans real within constraints and pivot with certainty when things change. Its connected platform of solutions underpins the business and digital transformations of more than 2.7 million users globally, including 45 of the Fortune 100. Headquartered in Austin, Texas, Planview has over 1,300 employees worldwide. For more information, please visit www.planview.com.

Share: