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Settle announces strategic acquisition of Turbine to enhance its unified finance and inventory platform

Oct 01, 2024about 1 year ago

Acquiring Company

SETTLE

Acquired Company

Turbine

San FranciscoColumbusFinanceInformation Technology

Description

Settle, the leading operations platform for scaling CPG brands, has introduced an expanded procurement and inventory management suite and has strategically acquired Turbine. By incorporating Turbine's sophisticated inventory operations and forecasting capabilities into its platform, Settle has created a unified operating suite that streamlines payments, purchasing, and financing to propel omnichannel brands to scale faster and more profitably.

Company Information

Company

SETTLE

Location

San Francisco, California, United States

About

Settle is the leading operations platform for scaling CPG brands with a unified platform designed to plan, purchase, manage, pay for inventory, and provide access to transparent financing with Settle Working Capital. Settle proudly serves hundreds of high-growth consumer goods brands and is headquartered in San Francisco, California.

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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