US-based company acquires Sherpany

Sherpany, a Zurich-based meeting software provider, has been acquired by Datasite, a provider of a secure document collaboration platform, thus becoming its strategic business unit. Datasite will integrate Sherpany’s solutions to create a combined offering enhancing board efficiency. Sherpany remains an independent company with no internal changes.

The Software-as-a-Service (SaaS) company Sherpany provides senior executives and boards in large and mid-sized companies with a meeting room and with its proprietary Azend framework to streamline entire meeting processes – from preparation to collaboration and data sharing - in a more agile way, thus increasing meeting productivity while ensuring data security. To date, more than 100’000 meetings have been held with Sherpany, with a 98 percent customer retention rate. Over 10’000 directors from some of the leading enterprises, including Migros, Raiffeisen, Kambly, Frutiger, and Helvetia have used the platform. In total, the company served more than 400 companies, a remarkable growth that was fueled by a team of over 140 people working at its six offices across Europe.  

Datasite, a Minneapolis-based SaaS solutions provider, recognized the potential of Sherpany’s solutions, resulting in an acquisition deal for the Swiss startup. Leveraging the foundation Sherany has created, Datasite aims to extend its product suite with advanced functionality in collaboration and meeting management to empower organisations to streamline governance and decision-making across the entire value chain. The acquisition combines Datasize’s secure document collaboration and Sherpany's solutions for board agendas, secure communication, and actionable insights, creating a combined solution that enables organizations to automate board material preparation, distribution, and annotation, improve decision-making, and increase governance effectiveness.

“Creating a world where every meeting counts has been Sherpany’s mission from the very start,” said Tobias Häckermann, Founder and CEO of Sherpany. “Datasite and Sherpany have a shared passion for leveraging technology to streamline business processes and boost organizational productivity. We are excited to further expand the scope and reach of our board collaboration and meeting management solutions with Datasite.” 

Sherpany will run as a strategic business unit within Datasite and will function as a standalone entity, supported by Datasite’s ongoing investment. The startup will remain unchanged with the same management team and headquarters in Zurich. The terms of the agreement are not being disclosed. 

(Press release / RAN/ SR)