Michael Baker International, LLC Acquires Digital Data Technologies, Inc., Launches DATAMARK Technologies
Jun 04, 2024•over 1 year ago
Acquiring Company
Michael Baker International
Acquired Company
Digital Data Technologies (DDTI)
GeospatialLocation Based ServicesInformation TechnologySoftware
Description
Michael Baker International, a global leader in engineering and consulting services, has announced the acquisition of Digital Data Technologies, Inc. (DDTI) to launch DATAMARK Technologies. This acquisition positions DATAMARK Technologies as the only provider of a fully integrated solution for Next Generation 9-1-1 (NG9-1-1) location services, heralding a new era for public safety and geospatial data management.
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