MINNEAPOLIS: Datasite, a global software-as-a-service provider specializing in artificial intelligence-powered solutions for mergers and acquisitions, announced today it has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows.
The acquisition from Francisco Partners is the latest move in Datasite’s strategy to enhance its offerings for M&A professionals.
The Sourcescrub acquisition follows a $500 million investment commitment from Datasite’s controlling shareholder, CapVest Partners. The investment aims to expand Datasite’s intelligence solutions and create a unified platform that connects data, automation, and deal execution.
Sourcescrub’s data and capabilities will be integrated into Datasite’s Grata platform, which the company acquired earlier this year. This integration is designed to create a more robust user experience by combining Grata’s proprietary search infrastructure and AI-native tools with Sourcescrub’s human-enriched data and curated lists.
“AI relies on high-quality data and content to be useful,” said Datasite President and CEO Rusty Wiley. “This combination fuses data and the expertise of industry-experienced analyst teams to label and train AI models for M&A professionals.”
Prescott Nasser, co-founder of Sourcescrub, echoed this sentiment. “By bringing our companies together, we will create a superior user experience, dataset and network for our customers,” he said.
Nevin Raj, co-founder of Grata, highlighted the combined strengths of the platforms. “Grata’s platform brings visibility to over 19 million private companies, powered by a proprietary search infrastructure and AI-native discovery tools,” Raj said. “Sourcescrub adds a powerful layer of human-enriched data, curated lists, deep integrations, and a signal-rich sourcing workflow.”
Datasite was advised by Deutsche Bank, Willkie Farr & Gallagher LLP, Alvarez & Marsal, KPMG, Lockton, and West Monroe. Sourcescrub was advised by Raymond James and Kirkland & Ellis LLP.