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Tempo Software Acquires Alpha Serve to Broaden its Strategic Portfolio Management Solution

Jan 24, 2024•almost 2 years ago

Acquiring Company

Tempo Software

Acquired Company

Alpha Serve

BostonMykolaivSoftwareSoftware Development

Description

Tempo Software, the leading provider of modular portfolio management solutions for the Atlassian ecosystem, has announced the acquisition of Alpha Serve, a pioneer in enterprise-grade data connectivity. This strategic addition marks a significant step in Tempo's commitment to empowering organizations with flexible, scalable, and secure solutions for managing complex data landscapes in today's diverse business environments.

Company Information

Company

Tempo Software

Location

Boston, Massachusetts, United States

About

Tempo offers modular, flexible, and Jira-native solutions that empower portfolio management at any scale.We’re a passionate and growing team of over 400 employees, representing a network of more than 29,000 customers across a range of industries. With tools like Timesheets, Roadmunk, and Structure by Tempo, we help our customers unlock new levels of efficiency in managing their strategic portfolios.

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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