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Presidio completes acquisition of majority stake in Contender Solutions to expand ServiceNow enterprise software management offerings

Nov 11, 2024•about 1 year ago

Acquiring Company

Presidio Investment Holdings

Acquired Company

Contender Solutions

New YorkTampaConsultingSecurityConsultingInformation Technology

Description

Presidio, a leading technology services and solutions provider, has strategically acquired a majority stake in Contender Solutions, an Elite ServiceNow partner. This expands Presidio’s ServiceNow enterprise software management consulting and implementation offerings, enhancing its ability to streamline IT operations and increase customer productivity.

Company Information

Company

Presidio Investment Holdings

Location

New York, New York, United States

About

Presidio Investment Holdings is a private investment firm focused on providing innovative solutions and capital for growth. They invest across various sectors aiming to create long-term value. Their expertise lies in identifying and nurturing unique business opportunities. They often engage in strategic partnerships to enhance portfolio performance.

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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