Submittable Acquires WizeHive, Establishing Market-Leading Grants Management Software
Aug 12, 2024•about 1 year ago
Acquiring Company
Submittable
Acquired Company
WizeHive
Description
Submittable, a leading social impact platform, has announced its acquisition of WizeHive, aiming to establish market-leading grants management software and accelerate corporate social responsibility (CSR) solutions. This move brings together four social impact brands to empower customers to be greater catalysts for social good.
FundzWatch™ Score
71
High M&A Activity
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