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Strava acquires cycling app The Breakaway

May 22, 2025•7 months ago

Acquiring Company

Strava

Acquired Company

The Breakaway

San FranciscoTruckeeinformation technology & servicesSoftwareInformation Technology

Description

Strava has announced its acquisition of cycling training app The Breakaway, enhancing its offerings for cyclists. The acquisition aims to improve user experience by integrating features from The Breakaway into Strava's platform. CEO Mike Martin emphasized the importance of the cycling community for Strava. This move follows another recent acquisition of running training app Runna.

Company Information

Company

Strava

Location

208 Utah Street

San Francisco, California, United States

About

Strava is the leading platform for athletes and the largest sports community in the world, with over 99 million athletes in 195 countries. If you sweat you're an athlete, and Strava's mobile apps and website connect millions of active people every day. Strava gives athletes simple, fun ways to stay motivated and compete against themselves and others without having to be in the same place at the same time. All athletes belong on Strava no matter where they live, which sport they love, or what device they use. Join the community and make the most of your sport with a Strava subscription.

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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