Acquiring Company
Sage
Acquired Company
Criterion HCM
Description
Sage has successfully acquired Criterion HCM, enhancing its AI-powered product offerings for mid-sized businesses. This acquisition allows Sage to streamline HR and payroll operations, addressing the complex needs of growing organizations. Criterion's innovative HR platform will integrate with Sage's existing services, creating a unified solution for clients. The collaboration aims to empower organizations to automate and simplify their HR processes effectively.
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