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Oblong, Inc. to merge with Dwellwell Analytics, Inc. for AI-centered real estate maintenance solutions

Jun 04, 2024•over 1 year ago

Acquiring Company

Oblong

Acquired Company

Dwellwell Analytics

DenverBethesdaInformation TechnologyReal Estate

Description

Oblong, Inc. has signed a non-binding letter of intent to acquire 100% outstanding equity interests of Dwellwell Analytics, Inc. The proposed merger aims to create substantial value for the shareholders of Oblong by combining forces with Dwellwell Analytics, Inc. to revolutionize the monitoring and maintenance of real estate using AI-centered technology and solutions.

Company Information

Company

Oblong

Location

Denver, Colorado, United States

About

Oblong (Nasdaq: OBLG) provides innovative and patented technologies that change the way people work, create, and communicate. Oblong’s flagship product Mezzanine™ is a meeting technology platform that offers simultaneous content sharing to optimize audience engagement and situational awareness.

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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