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Euna Solutions Acquires EqualLevel, Bolstering Euna’s eProcurement Offering to Public Sector Organizations

Feb 08, 2024•almost 2 years ago

Acquiring Company

Euna Solutions

Acquired Company

EqualLevel

ChicagoRockvilleFintechFinanceFinancial Services

Description

Euna Solutions, a leading provider of purpose-built, cloud-based solutions for the public sector, has strategically acquired EqualLevel, a Rockville, Md.-based provider of procurement marketplaces. This acquisition enhances Euna Solutions’ ability to deliver Procure-to-Pay automation to public sector agencies, leveraging more capability to create meaningful, positive change within their communities.

Company Information

Company

Euna Solutions

Location

Chicago, Illinois, United States

About

Supercharging the public sector through digitization, Euna Solutions inspires trust and confidence by offering user-friendly, purpose-built solutions for procurement, payments, grant management, budgeting, permitting, and K-12 administration. Euna Solutions inspires trust and confidence by helping agencies simplify operations, build better connections, and foster an environment where employees and communities thrive.

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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