TH Global Capital advises Waylay on sale to Vertiv
Waylay, a Belgian IT and software company, has been acquired by Vertiv, a US-headquartered global leader in digital infrastructure services. TH Global Capital acted as the exclusive financial advisor to Waylay.
Founded in 2014 and headquartered in Ghent, Waylay has developed an AI-driven hyperautomation platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Waylay’s technology can analyze real-time machine data, identify operational trends, and propose predictive actions to minimize downtime and enhance performance.
Commenting on the deal, Leonard Donnelly, CEO of Waylay, said, “We are delighted to now be one with Vertiv. Our mission is to deliver the exemplar standard in generative AI software automation solutions for our customers – a domain where we will set the bar high together. Our work is groundbreaking and the scale of the opportunity to deploy is what we are really looking forward to now.”
With the acquisition of Waylay, Vertiv will strengthen its ability to help its customers around the world to increase uptime, optimize energy usage, and enhance operational intelligence across their critical digital infrastructure.
Giordano Albertazzi, CEO of Vertiv, said: “With the addition of Waylay’s technology and team, Vertiv will accelerate its vision of intelligent infrastructure – data-driven, proactive, and optimized for the world’s most demanding environments. We are excited about the operational efficiencies and the resilience that Vertiv’s further augmented predictive capabilities can provide for our customers.”
The dealmaker: TH Global Capital
The sale of Waylay was advised on by TH Global Capital.
Donnelly: “We conducted a thorough assessment of several investment banks before appointing TH Global Capital. From the outset, one of our key requirements was to find a partner who could demonstrate exceptional focus and diligence across every stage of the M&A process. TH Global Capital exceeded our expectations on all fronts, working seamlessly with the Waylay team to deliver a highly successful transaction with Vertiv.”
“The outcome is an exceptional match between Waylay and Vertiv, and we are deeply appreciative of TH Global Capital’s role in making this partnership a reality.”
Vivek Subramanyam, Founder and CEO of TH Global Capital, added: “We are thrilled to announce this as our 15th deal in AI, analytics & automation. The transaction showcases TH Global Capital’s strong capabilities and vertical expertise in the technology and generative AI software landscape. Waylay is a fantastic business, and we wish the team much success on its next phase of growth in partnership with Vertiv.”
Jennifer Lin, Executive Director at TH Global Capital, said: “We are delighted to have advised Waylay on this transaction. It has been fantastic working with the team, and we are excited about their future collaboration with Vertiv. Waylay is a true leader in GenAI-powered automation software, designed specifically for the industry and positioning its customers at the forefront of digital transformation. We are thrilled to have facilitated this successful strategic partnership with Vertiv.”
