ReSolve advises Cyance on sale to Expandi Limited

ReSolve, the business advisory, restructuring and investment practice, has announced the successful sale of several assets of Cyance, a leading global B2B intent-insight data platform, to Expandi Limited, the B2B demand generation agency.

Cyance helps innovative and fast-growing B2B companies and large, global enterprises generate more efficient growth, particularly for those targeting European markets. It analyses global data from over 55,000 sources and tracks over 24 billion data events each month.

Cyance had been seeking inward investment for some time, unsuccessfully. In June 2022, ReSolve was engaged by Cyance to run an accelerated sale process, seeking urgent investment to further develop the business or a sale of the business and/or its assets.

Simon Jagger, partner at ReSolve and administrator for Cyance, said: “We are very pleased to have secured a buyer for certain assets of Cyance in a short time frame. This is the ideal outcome where a well-capitalised and forward-thinking peer has seen the value in Cyance’s assets and has decided to enhance its position within the market through an acquisition. This will benefit all stakeholders and customers.”