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Acquiring Company
Gloo
Acquired Company
Cedarstone
BoulderInformation TechnologySoftwareFinancial ServicesFinanceLendingDescription
Gloo has announced a definitive agreement to acquire Cedarstone, enhancing its Applied AI strategy. The acquisition aims to deliver essential business outcomes to nonprofit organizations. This move will help reduce delivery costs and expand margins for Gloo's services.
Related People
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