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Orium acquires Gluo to expand its composable commerce footprint into fast-growing Latin America market

Jun 17, 2024over 1 year ago

Acquiring Company

Orium

Acquired Company

Gluo

TorontoMexico CitySoftwareArtificial IntelligenceE CommerceHospitalityE CommerceRetail

Description

Orium, the leading composable commerce specialist in North America, has acquired the Mexico-based e-commerce agency Gluo. This acquisition will enhance Orium's ability to serve the fast-growing U.S. market and support an expansion into the emerging Latin American market, leveraging Gluo's experience with leading composable vendors and their talented e-commerce experts.

Company Information

Company

Orium

Location

Toronto, Ontario, Canada

About

Orium is the leading composable commerce specialist in North America, with a focus on helping brands scale efficiently with deep capabilities in data-driven experience design, AI implementation, and platform engineering. The company has recently acquired Gluo to expand its footprint into the fast-growing Latin America market.

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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