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Chronus completes acquisition of Imperative to enhance employee engagement solutions

Jun 05, 2024•over 1 year ago

Acquiring Company

Chronus

Acquired Company

Imperative

SeattleSeattleHealth CareSoftwareSportsInternet Services

Description

Chronus, a leading employee-driven development platform, has announced the acquisition of Imperative, an employee engagement platform. With this acquisition, Chronus aims to offer holistic solutions that empower employees to define and activate their purpose at work, reinforcing their commitment to addressing the employee engagement crisis and promoting organizational connectedness.

Company Information

Company

Chronus

Location

Seattle, Washington, United States

About

Chronus empowers the world’s top employers to shape the future-ready workforce, delivering mentoring software that unleashes the full potential of their people. Powering thousands of programs for millions of people, Chronus has been the market maker and innovator in mentoring software since the company was founded in 2007. The most innovative organizations in the world, such as Amazon, Edward Lifesciences, Electronic Arts, ViaSat and Mars rely on Chronus every day to power their inclusive and future-ready mentoring programs.

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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