Merger Notification - Announcement according to § 10 Cartel Act
Insight Venture Management, LLC; Vector Capital Management, L.P.; Bigtincan Holdings Ltd.; Showpad NV
BWB/Z-7051
On 25.08.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Bigtincan Holdings Ltd. (Sidney / Australia), which is solely controlled by Vector Capital Management, L.P. (San Francisco / USA), intends to indirectly acquire 100% of the shares in and sole control over Showpad NV (Gent / Belgium) from Insight Venture Management, LLC (New York / USA) and other sellers. At the same time, Insight will acquire approx. 37% of the shares in a yet to be formed holding entity, which will hold all shares in the Bigtincan entities, including Showpad. As a result of the proposed Transaction, Vector Capital will indirectly hold approx. 63% and Insight approx. 37% in the Bigtincan entities, including Showpad. Vector Capital will solely control Bigtincan
and thus also Showpad post-closing. The proposed concentration concerns sales en-ablement software solutions.
Affected industries: Software Publishing; Computer Programming Activities.
J - PUBLISHING, BROADCASTING, AND CONTENT PRODUCTION AND DISTRIBUTION ACTIVITIES J 58 - Publishing activities, J 58.2 - Software publishing, J 58.21 - Publishing of video games, J 58.29 - Other software publishing, K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES, K 62 - Computer programming, consultancy and related activities, K 62.1 - Computer programming activities, K 62.10 - Computer programming activities
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 22.09.2025.
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 23.09.2025 .