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Mythics, LLC acquires Technology Resale Division of Three Wire Systems to expand portfolio within Emergent, LLC

Sep 24, 2024about 1 year ago

Acquiring Company

Mythics

Acquired Company

Three Wire Systems

Virginia BeachTysonsInformation TechnologySoftwareInformation TechnologyApps

Description

Mythics, LLC, the parent company of Emergent, LLC, has acquired the technology resale division of Three Wire Systems, a leader in innovative and efficient technology solutions to Federal government agencies. This acquisition will expand Mythics, LLC's portfolio of cloud, open-source, and security centric technology offerings through Emergent, LLC.

Company Information

Company

Mythics

Location

Virginia Beach, Virginia, United States

About

Mythics is an award-winning Oracle systems integrator, consulting firm, managed services provider and member of the Oracle PartnerNetwork representing Oracle product lines across cloud, software, support, hardware, engineered systems and appliances. Mythics delivers technology solutions serving the Federal Government, State and Local Governments, Commercial, Higher Education, Utilities and Healthcare sectors and is a trusted partner to organizations worldwide.

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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