Willkie Advised Diligent in the transaction.
Diligent Corporation, a leader in enterprise governance management, announced its acquisition of Brainloop, a supplier of virtual data room software used within the enterprise for high-security collaboration on confidential documents. As part of U.S.-based Diligent, Brainloop will continue to operate as an independent company and serve its clients under the Brainloop brand, while having the opportunity to leverage Diligent’s robust global network.
Headquartered in Munich, Brainloop will become Diligent’s continental European hub and will continue to be led by its current management team. Together, Diligent and Brainloop will offer a highly complementary product suite to a global base of clients, including Diligent’s industry-leading Governance Cloud offering and Brainloop’s high-security virtual data rooms.
Diligent provides secure corporate governance and collaboration solutions to boards and senior executives through its Governance Cloud offering. Over 14,000 clients in more than 90 countries and on all seven continents rely on Diligent for secure distribution of board materials, as well as secure messaging, integrated compliance, board evaluation and entity management. Brainloop provides secure cloud storage for enterprises in Germany and throughout continental Europe, serving thousands of users on six continents, including a number of blue-chip European corporations.
The Willkie deal team included partners Gordon Caplan, Dr. Stefan Jörgens, Morgan Elwyn and David Tarr; national partner Dr. Bettina Bokeloh; and associate Andreas Feith.