Toptal enhances its global leadership in custom software solutions with the acquisition of VironIT.com

Apr 12, 2024•over 1 year ago

Acquiring Company

Toptal

Acquired Company

VironIT.com

San FranciscoCrmIt ManagementConsultingInformation TechnologySoftware

Description

Toptal, the world's largest fully remote workforce, has strategically acquired VironIT.com, a software development company specializing in custom software solutions and IT consulting services. This acquisition reinforces Toptal's commitment to strengthening its position as the world leader in the software development industry and enhancing its capabilities to serve clients worldwide.

Company Information

Company

Toptal

Location

San Francisco, California, United States

About

Toptal is the world's largest fully remote workforce, connecting businesses with the top 3% of freelance talent and enabling companies to scale their teams on demand. It has served more than 25,000 clients across more than 140 countries since its founding in 2010.

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

Toptal enhances its global leadership in custom software solutions with the acquisition of VironIT.com

Description

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M&A Insights

Company Information