Datasite, a technology provider for mergers and acquisitions professionals, has opened a new office in Manchester.
The global Software-as-a-Service company said the base – its second in the UK after London – will meet the growing demand for M&A technology and services in the North of England.
The office opening comes at a time of year when dealmaking is typically busiest. Datasite cited optimism from UK M&A professionals about deal activity despite the challenging market conditions.
“We continue to invest in innovation and global expansion, and we are delighted to open a new office in one of Europe’s fastest growing digital and tech hubs,” said Merlin Piscitelli, the company’s chief revenue officer for EMEA.
“Manchester and its surrounding region are a great fit for Datasite, and our new office ensures our international expertise and leading technology are on the doorsteps of M&A professionals in the North with on-the-ground resources to make the management of their deals even more effective and efficient.”
Dealmakers in more than 170 countries make their deals in Datasite, including 74 of the top 100 legal firms and all the top 20 global financial advisory firms. In 2021, Datasite facilitated more than a third of the top 100 global deals, including a third of the top 61 US deals, and close to half of the top 25 EMEA deals.
The Manchester office follows 10 new offices opened globally in the last two years and reflects the company’s growth, which has been powered by the introduction of new products to address management pain points across the entire deal lifecycle, from deal sourcing and preparation to post-merger integration.
“Some of the world’s biggest companies run important operations out of Manchester. We wanted to invest in the growing local economy and have a dedicated team based in the city to cater to the specific and uniquely local needs of the businesses here,” said Jon Hughes, vice president of sales for UK and Ireland at Datasite.