Acquiring Company
Virtusa Corporation
Acquired Company
Mav3rik
Description
Virtusa Corporation has announced its acquisition of Mav3rik, aimed at enhancing its capabilities in the Salesforce market. This acquisition will accelerate Virtusa's growth in the Australia region. By integrating Mav3rik's expertise, Virtusa intends to deliver greater value to its clients across industries. Both companies aim to build a robust Salesforce practice focused on innovation and client success.
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