Technology

Burgundy

Burgundy Technology Acquisition Corporation (BTAQ) was a $300 million SPAC, led by Léo Apotheker and Jim Mackey, focused on acquiring a high-growth enterprise software or tech-enabled services company.

Burgundy Technology Acquisition Corporation (BTAQ) launched as a Special Purpose Acquisition Company (SPAC) in 2020, raising $300 million for its initial public offering on the Nasdaq Capital Market. The firm's mandate was clear: identify and merge with a high-quality, growth-focused technology company, specifically targeting enterprise software or technology-enabled services in European, Israeli, and U.S. markets. Key leadership included tech industry veterans Léo Apotheker (former CEO of SAP and HP) and Jim Mackey. Ultimately, BTAQ did not complete a business combination within the required timeframe and announced the redemption of all outstanding public shares, effective March 1, 2022, liquidating the entity.