Merger Notification - Announcement according to § 10 Cartel Act
Insight Venture Management, LLC; Accellion, Inc. (dba Kiteworks)
BWB/Z-6617
On 13.06.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Insight Venture Management, LLC (New York / USA), whose sole shareholder is Insight Holdings Group, LLC (New York / USA), intends to indirectly acquire 36.8% of the shares in and sole control (within the meaning of Austrian merger law) over Accellion, Inc. and its subsidiaries (d/b/a Kiteworks – California / USA). The proposed concentration concerns solutions for securing sensitive content communications and application
programming interfaces.
Affected industry: Computer programming and related activities.
J - PUBLISHING, BROADCASTING, AND CONTENT PRODUCTION AND DISTRIBUTION ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 11.07.2024.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 12.07.2024 .