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Lander & Rogers advises SaaS company Delacon on its acquisition by international software buyer Volaris

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A woman working in a call centre. She is sitting at her desk wearing a headset and smiling.

Lander & Rogers has advised call-centre tracking and analytics technology provider Delacon on its sale to global software buyer Volaris, an operating group of Toronto Stock Exchange-listed Constellation Software, Inc.

Delacon develops call tracking, call management and speech analytics software that allows organisations to gain data insights into their customer journey. Its operations span Australia and India. Volaris acquired a 100% stake in the SaaS company, with Delacon continuing to operate independently within the Volaris group.

Lander & Rogers partner Deanna Constable, who led the deal for Delacon with support from lawyers Lora Ye and Kenneth Leung, said she was "delighted to close out 2023 with such a successful outcome for Delacon". The team worked closely with the client and legal and financial advisors in Australia, India and Canada to prepare Delacon for sale and advise on the legal and strategic elements necessary for completion.

Although ongoing concerns about interest rates and the geopolitical climate will mean investors remain cautious heading into 2024, Ms Constable says M&A activity involving software and SaaS deals of this nature will likely remain strong in the year ahead as investors look for innovative industry-specific tech products to gain access to new sectors and increase market share.

"All eyes are on the software and tech space in 2024, with industry commentators predicting significant consolidation and a surge in strategic buyers pursuing smaller and mid-market transactions - which presents exciting new opportunities for founders and owners," Ms Constable said.

Lander & Rogers' corporate transactions team is experienced in guiding founders and business owners in the start-up/scale-up and technology sectors through transformative investments and liquidity events. The firm recently advised enChoice on the sale of its SaaS platforms KwikTag and Sypht to Paymerang, assisted transport technology and compliance company Logmaster in its undisclosed capital raise, represented the founder of The Card Network on the sale of its digital gift card business and acted for the founders of CurveBeam, a US medical device developer, in its merger with Australian AI technology ASX-listed company StraxCorp.

Image courtesy of AdobeStock

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Kenneth Leung

Kenneth Leung

Lawyer