Advising Cameleon Software, a leading French company in the Configure Price Quote (CPQ) market, in the context of its contemplated acquisition by PROS Holdings, Inc, a big data software company that helps customers outperform in their markets, through an all-cash transaction valued at approximately €24 million (U.S. $33 million).
The transaction has been approved by the Boards of Directors of both PROS and Cameleon, and the offer was filed with the French “Autorités des marchés Financiers” (AMF) on October 25, 2013.
Under the terms of the transaction, PROS shall acquire all of the outstanding shares of Cameleon. The completion of the offer is subject to, among other, the successful tender of shares by Cameleon shareholders representing no less than 65% of the number of shares. If successful, the transaction would close in the first quarter of 2014.
The combination, between two innovators companies that help customers outperform, will provide end-to-end sales effectiveness solution powered by data science.