Wrike enhances collaboration capabilities with the completion of Klaxoon acquisition
Jan 28, 2025•7 months ago
Acquiring Company
Wrike
Acquired Company
Klaxoon
Description
Wrike, a leader in intelligent work management and a portfolio company of STG, has finalized the acquisition of Klaxoon, a provider of visual collaboration solutions. This combination creates a unified platform that redefines how teams design, collaborate, and execute, offering compelling workflow efficiency through the power of artificial intelligence and seamless integration.
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