Accordion Announces Strategic Acquisition Of Cfo Tech-Enablement Provider Platform Specialists
Feb 23, 2022•over 3 years ago
Acquiring Company
Accordion
Acquired Company
Platform Specialists
Description
Accordion, a private equity-focused financial and technology consulting firm, today announced that it has acquired Platform Specialists, an Enterprise Performance Management (EPM) consulting firm. The ability for the finance function to digitize is critical to driving operational efficiencies and enterprise-wide scaling efforts. The acquisition of Platform Specialists enables Accordion to enhance its already significant tech advisory and enablement expertise in order to offer its private equity sponsor and portfolio clients the full suite of people, process, and technology-related services.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed