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Virrtue Expands into UK through Acquisition of Tech-Driven Accounting Firm, Virgate

May 30, 2024•over 1 year ago

Acquiring Company

Virrtue

Acquired Company

Virgate

DallasGloucesterInformation ServicesArtificial IntelligenceFinanceFinancial ServicesAnalytics

Description

Virrtue, a rapidly growing finance and accounting BPO company, has announced the acquisition of Virgate, a tech-driven accounting services company headquartered in Gloucester, England. The strategic move aims to further strengthen Virrtue’s presence and capabilities in the UK and European markets, and leverage Virgate’s expertise to bring more value to their clients.

Company Information

Company

Virrtue

Location

Dallas, Texas, United States

About

Virrtue is a leading finance and accounting business process services team focused on delivering transformational financial outcomes to our customers. Access Healthcare d.ba. Virrtue is a leading provider of financial, administrative, and clinical solutions to clients in healthcare and other industries. With over 27,000 people working across 9 cities in 20 service delivery centers, Access Healthcare brings value to clients through global delivery, workflow optimization, and a purpose-built, AI-enabled platform. We have service delivery centers in the US, India, and the Philippines.

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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