MinterEllisonRuddWatts is delighted to have advised ANZ Group Holdings Limited (ANZ Group) on its agreement to acquire Wellington-based data analytics business, DOT Data Limited (trading as DOT Loves Data).
The proposed investment supports ANZ’s long-term ambition to provide valuable data insights to its business customers. It also aims to boost growth and development in the Wellington-based data analytics company.
DOT Loves Data offers a suit of proprietary analytics tools, which provide real-time strategic insights, to help a broad range of customers – from corporates to local government.
The deal will see ANZ New Zealand work closely with the team at DOT Loves Data to develop further its suite of tools.
Partner Mark Forman says: “It was excellent to work alongside ANZ and reach agreement on this strategic acquisition, and deliver a result that aims to offer ANZ clients a new opportunity to use data to make informed decisions about their business.”
The team advised on all aspects of the transaction including due diligence, the sale and purchase agreement negotiation, detailed advice on data, privacy and tax matters, and completion of the transaction.
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