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AccountTECH Acquires Transaction Management Platform Shaker.io

Sep 10, 2024•over 1 year ago

Acquiring Company

AccountTECH

Acquired Company

Shaker.io

BostonIndianapolisReal EstateSaasSoftwareSaasSoftware

Description

AccountTECH has announced the acquisition of Shaker.io, aiming to combine Shaker's elegant project management approach to transaction management with AccountTECH's back-office accounting solution, darwin.Cloud. This strategic move is intended to empower AccountTECH's clients by enhancing communication, compliance, and value showcasing, while also testing the theory of enhancing interoperability between all real estate software programs.

Company Information

Company

AccountTECH

Location

574 Boston Rd

Boston, Massachusetts, United States

About

AccountTECH is the only web-based, multi-tenant accounting solution for the real estate industry, providing elegant project management approach to transaction management. AccountTECH's flagship product is darwin.Cloud, which offers a 4th generation evolution of their popular back office accounting software, aiming for single-point-of-entry efficiency with constant automation and integrations.

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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