Pontis sells Lixto to McKinsey

Software-as-a-service (SaaS) platform Lixto will merge with McKinsey's subsidiary, data solutions provider Periscope, which seeks to improve its revenue management solutions through the acquisition of the Vienna-based firm.

The venture capital firm originally backed Lixto with €2.6m in 2006.

Pontis usually invests in the DACH region, with a focus on expansion-stage transactions. The GP typically invests €1-5m in companies with a revenue of €2-40m.

Pontis focuses on the technology sector, investing in information and communication technologies, cleantech and medtech.

Company
Lixto provides SaaS solutions in the field of online competitive intelligence to clients.

The firm is a spinout from the Vienna Technical University and was founded in 2001.

People
Brian Elliott is Periscope's CEO. Christian Koestler is Lixto's managing director. Gerhard Fiala is Pontis's managing partner.

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