Array acquires Ricoh eDiscovery Services to enhance litigation support services

Apr 02, 2024•over 1 year ago

Acquiring Company

Array

Acquired Company

Ricoh eDiscovery Services

New York

West Whiteland TownshipDocument ManagementLegalInformation Technology

Description

Array has acquired Ricoh eDiscovery Services, allowing both firms to focus and strengthen their solutions for the legal industry. This deal marks a significant moment for both companies as it enables them to deliver more specialized services to enhance any legal team's work.

Company Information

Company

Array

Location

New York, New York, United States

About

Array is a financial innovation platform that helps digital brands, financial institutions, and fintechs get compelling consumer products to market faster. Our suite of private label offerings helps our partners drive revenue, increase engagement, and empower millions of consumers to achieve their financial goals. Array was founded in 2020 by Martin Toha and Phillip Zedalis. Key investors include Battery Ventures, General Catalyst, and Nyca Partners. To learn more visit array.com.

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M&A Insights

Based on deal data

Integration 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