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Logicbroker Acquires Cortina; Expanding Comprehensive Marketplace & Dropship Solutions

Jan 11, 2024•almost 2 years ago

Acquiring Company

Logicbroker

Acquired Company

Cortina

ChicagoNew Yorkinformation technology & servicesSoftwareSoftware Development

Description

Logicbroker, a leading provider of multi-vendor commerce SaaS solutions and a portfolio company of K1 Investment Management, is pleased to announce that it has acquired Cortina, an emerging leader of marketplace and dropship solutions.

Company Information

Company

Logicbroker

Location

521 5th Ave

Chicago, Illinois, United States

About

Logicbroker is a premier multi-vendor commerce platform that seamlessly connects trading partners regardless of integration types. Our modern solutions empower retailers and brands to Connect, Orchestrate, and Grow their commerce platform to take control of their customer experience by harnessing and analyzing vital first-party data, reducing inventory risk, and curating their expanded assortment. By improving the visibility into our client’s commerce programs, Logicbroker can better position retailers and brands for transformative growth.

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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