Regulatory Compliance Solution Provider Ascent Technologies Acquired by Private Equity Firm Edgewater Equity Partners
Jan 18, 2024•almost 2 years ago
Acquiring Company
Edgewater Equity Partners
Acquired Company
Ascent
GilfordChicagoFinancial ServicesSoftware DevelopmentDescription
Edgewater Equity Partners, a private equity firm based in Boston, has acquired Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies. This strategic acquisition positions Ascent to accelerate development of its compliance automation platform and deliver even greater value to its customers.
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