Essence Ventures appoints Michele Ghee as Chief Content Officer and in talks to acquire Expectant Media
Oct 09, 2024•about 1 year ago
Acquiring Company
ESSENCE VENTURES
Acquired Company
Expectant Media
Description
Essence Ventures, the parent company of ESSENCE Communications, Inc., the announced the appointment of Michele Ghee as Chief Content Officer and revealed engagement in talks to acquire Expectant Media. This move is a strategic commitment to meeting the evolving needs of the New General Market and expanding Essence Ventures' reach and impact in the marketplace.
M&A Insights
Based on deal dataIntegration 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