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Submittable Acquires WizeHive, Establishing Market-Leading Grants Management Software

Aug 12, 2024about 1 year ago

Acquiring Company

Submittable

Acquired Company

WizeHive

MissoulaConshohockenMedia And EntertainmentContent And PublishingSoftwareSoftware

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.

Company Information

Company

Submittable

Location

Missoula, Montana, United States

About

Submittable is a growing social impact platform used by thousands of companies, governments, and philanthropic organizations to manage their social good programs and maximize their impact. Submittable has helped big and small organizations worldwide run 134,000 programs and collect nearly 22 million applications to date, and is backed by Accel-KKR, Next Coast Ventures, True Ventures, Next Frontier Capital, StepStone Group, and a few other amazing investors.

FundzWatch™ Score

71
High M&A Activity

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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