Mythics, LLC acquires Technology Resale Division of Three Wire Systems to expand portfolio within Emergent, LLC
Sep 24, 2024•about 1 year ago
Acquiring Company
Mythics
Acquired Company
Three Wire Systems
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.
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