International acquisition of global student placement management software provider
Piper Alderman assisted Planet Software with the structuring, negotiation and documentation of the sale of Planet Software, including by managing the cross-jurisdictional issues that arose as the result of the purchasing group being headquartered in the United States.
Planet Software owns Sonia, a global student management software. The software is used across the world, and educational institutions in Australia use this software more than any other placement system. Piper Alderman acted for Planet Software in the sale of its business to QSR International, the world’s leading qualitative data analytics software company and a subsidiary of US venture capital firm Rubicon Technology Partners.
The sale represented the culmination of 20 years of development of “Sonia”, a software that assists placement staff, placement providers, and students to view and manage information that relates to them, and which is used in multiple countries over three continents, including a majority of the top-ranked Australian universities within the “Group of Eight”. Piper Alderman was well-placed in advising Planet Software because of its experience in international mergers and acquisitions.
What our Client said
Paul Reynolds, Chief Technical Officer (and former director and shareholder) of Planet Software
‘James and Kieren worked closely with us ensure that the sale of Planet Software was completed in a short space of time and in a manner that protected our interests. This was a significant deal for Planet Software and its shareholders, but James and Kieren showed a high level of expertise and knowledge in guiding us through each step of the process.’