CapVest-backed Datasite completed the acquisition of Sourcescrub from Francisco Partners.

CapVest-backed Datasite, the global SaaS provider of AI-powered workflow collaboration and automation solutions for M&A, investment and strategic projects, completed the acquisition of Sourcescrub, a California-based provider of deal-sourcing data and workflows, from Francisco Partners, a private equity firm. Financial terms were not disclosed. “AI relies on high quality data and content to be useful. This combination fuses together data and the expertise of industry-experienced analyst teams to label and train AI models for M&A professionals,” Rusty Wiley, Datasite President and CEO.