Kerridge Commercial Systems enhances field service management software with Klipboard acquisition
Jul 09, 2024•over 1 year ago
Acquiring Company
Kerridge Commercial Systems
Acquired Company
Klipboard
OuakaIt ManagementInformation TechnologySoftwareDescription
Kerridge Commercial Systems has strengthened its field service management software offering through the strategic acquisition of Klipboard. This acquisition will enable Kerridge to expand its portfolio and enhance its capability to deliver integrated and innovative solutions for the field service industry.
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