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Kovai.co completes strategic acquisition of Floik to enhance Document360 platform

Nov 13, 2024•about 1 year ago

Acquiring Company

Kovai.co

Acquired Company

Floik

LondonBengaluruCrmEnterprise SoftwareSaasSoftwareEnterprise SoftwareSaasSoftware

Description

Kovai.co, a premier enterprise software and B2B SaaS company, has successfully acquired Floik, a Bengaluru-based B2C SaaS company. This strategic move aims to strengthen Kovai.co’s AI-powered knowledge management software, Document360, by integrating Floik’s interactive demo and guide capabilities, ultimately enhancing user experience and driving revenue growth.

Company Information

Company

Kovai.co

Location

London, England, United Kingdom

About

Kovai.co is a premier enterprise software company offering multiple products at scale both in the Enterprise arena and in the B2B SaaS space. The organization offers a wide range of business software products. From robust enterprise software for Microsoft BizTalk and Azure Serverless platforms to Knowledge Management SaaS, we have covered it all. Our product team consists of thinkers and innovators who are redefining the way robust Enterprise Software and SaaS products are built. Headquartered in London, U.K, and with a development center in Coimbatore, India, our engineers have niche skills and in-depth domain knowledge

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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