Datasite, a global SaaS provider of AI-powered workflow collaboration and automation solutions for M&A, investment, and strategic projects, has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows, from Francisco Partners. This acquisition aims to enhance Datasite’s intelligence solutions by integrating Sourcescrub’s data and capabilities.
Rusty Wiley, President and CEO of Datasite, stated that AI relies on high-quality data to be useful. He added that the combination of Sourcescrub’s data and the expertise of industry-experienced analyst teams will help label and train AI models for M&A professionals.
This acquisition is part of Datasite’s broader strategy, which includes a $500 million investment commitment from CapVest Partners, Datasite’s controlling shareholder. The investment is intended to further expand Datasite’s intelligence solutions and enhance the M&A technology landscape by connecting data, automation, and execution.
Sourcescrub’s data and capabilities will be integrated into Grata, a company Datasite acquired earlier this year. Prescott Nasser, Co-Founder of Sourcescrub, commented that bringing the companies together will create a superior user experience, dataset, and network for customers. Nevin Raj, Co-Founder of Grata, noted that Grata’s platform provides visibility into over 19 million private companies through a proprietary search infrastructure and AI-native discovery tools. He further explained that Sourcescrub adds human-enriched data, curated lists, deep integrations, and a signal-rich sourcing workflow.
The acquisition supports Datasite’s mission to enable M&A professionals to work more efficiently using technology, including their Blueflame AI solutions, to optimize how deals are sourced, evaluated, and executed globally.
Datasite was advised by Deutsche Bank (M&A advisor), Willkie Farr & Gallagher LLP (legal), Alvarez & Marsal (financial), KPMG (tax), Lockton (insurance), and West Monroe (technology). Sourcescrub was advised by Raymond James (M&A advisor) and Kirkland & Ellis LLP (legal).
Datasite offers AI-powered workflow collaboration and automation solutions for M&A, investment, and strategic projects. Sourcescrub is a deal sourcing platform that utilizes over 220,000 information sources to provide insights on 16 million companies. Grata is an AI-native private market intelligence and dealmaking company focused on providing comprehensive and searchable data on private companies.
