PEXX acquires Singapore-based blockchain media platform Chain Debrief to enrich user experience
Aug 20, 2024•over 1 year ago
Acquiring Company
PEXX
Acquired Company
Chain Debrief
Description
PEXX, an innovative fintech startup specialising in stablecoin cross-border payments, has announced the acquisition of Singapore-based blockchain media platform, Chain Debrief. This strategic move aims to enrich PEXX's platform by integrating Chain Debrief’s extensive library of content, including articles, tutorials, and expert analyses, directly into the user experience. The acquisition aligns with PEXX’s commitment to expanding its footprint and fostering deeper engagement within the global blockchain community, empowering users with the knowledge and tools they need to navigate the complex world of blockchain and cryptocurrencies.
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