DLA Piper advises Revalize, Inc. on the acquisition of Tenado

DLA Piper has advised US-based Revalize, Inc., a portfolio company of TA Associates, on the acquisition of the German CAD software solutions provider Tenado group from Maxburg Capital Partners. The acquisition of Tenado is a strategic fit to Revalize’s existing full suite of software solutions including inter alia CPQ, design, modeling, simulation and data analytics.

Tenado specializes in the development of CAD software solutions, serving a diverse range of industries, including mechanical engineering, metal-construction, wood-construction, structural fire safety and traffic planning. Tenado is headquartered in Bochum, Germany.

US-based Revalize is a worldwide leader in sector-specific revenue operations software for manufacturers, their distributors, and their specifiers from a broad range of industries. Its suit of software solutions include tools for an improved buying experiences, sales cycles, and manufacturing processes through a SaaS platform for CPQ, PIM, design applications, engineering simulations, tools for visualization, AR/VR, and more.

The DLA Piper deal team in Germany was jointly led by partner Dr Benjamin Parameswaran and counsel Dr Philipp Clemens (both Corporate, Hamburg) and further supported by partner Semin O (Antitrust, Frankfurt) and senior associate Friederike Rickers (Corporate, Hamburg). In the US, Revalize was advised by Corporate partner Bradley Gersich and supported by of counsel Michael Cubell.