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Provana completes acquisition of Palinode to enhance credit dispute solutions

Feb 05, 2025•10 months ago

Acquiring Company

Provana

Acquired Company

Palinode

LisleBrentwoodinformation technology & servicesInformation TechnologySoftwareFintechFinanceFinancial Services

Description

Provana, a leading provider of tech-enabled services for the financial and receivables management sector, has announced its acquisition of Palinode, a recognized leader in credit dispute management solutions for financial institutions. This strategic move enhances credit dispute investigation and resolution capabilities, delivering significant value to clients.

Company Information

Company

Provana

Location

801 Warrenville Rd

Lisle, Illinois, United States

About

Provana is a leading provider of tech-enabled services for the financial and receivables management sector. Founded in 2011, Provana partners with clients to optimize processes and drive better business outcomes in the legal, credit and collections, and healthcare revenue cycle management sectors. Provana ensures compliance, streamlines operations, and achieves measurable results—beyond cost savings—including increased productivity and enhanced operational efficiency.

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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