Insight Venture Partners Agrees to Acquire Fourth

June 26, 2015

Willkie represents Insight in its deal to acquire Fourth, the world’s leading provider of cloud-based cost control solutions to the hospitality industry, from ECI Partners.

On June 23, it was announced that Willkie client Insight Venture Partners agreed to acquire Fourth (previously known as Fourth Hospitality) from ECI Partners.  Fourth has been recognized for several years running as one of the UK’s fastest-growing technology firms. Fourth is the world’s leading provider of cloud-based cost control solutions to the hospitality industry, and works with more than 1,000 hospitality groups, including Hilton, Hyatt, Le Meridien, Soho House and Travelodge.

Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $10 billion and invested in more than 200 companies worldwide.

Separately, Willkie represented Insight in the closing of its $84 million  investment in Checkmarx, a leading developer of software solutions used to identify, fix and block security vulnerabilities in web and mobile applications, and in its $70 million investment in Conga, the developer of the Conga Suite, the most popular set of document generation and reporting applications for Salesforce.  Both deals were announced on June 25. Additionally, last month the firm assisted Insight in its $92 million control investment in Virgin Pulse.

The Insight/Fourth deal was handled by partners Gordon Caplan, Morgan Elwyn, Matthew Dean and David Tarr, UK partner James Crooks and associates Antonio Laino and Joshua Begner.

The Insight/Checkmarx deal was handled by partners Gordon Caplan, Rosalind Fahey Kruse, Hillel Jacobson, Mark Holdsworth and  Eugene Chang, and associates Alexis Anzelone, Ryan Stott, Heather Schneider, Meghan Hungate, Jeff Clancy, Ben Shapiro, Tara Thieme and Douglas Hollins.

The Insight/Conga deal was handled by partners Gordon Caplan and Morgan Elwyn.