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HTEC acquires Cognits to expand in Latin America

Aug 06, 20254 months ago

Acquiring Company

HTEC

Acquired Company

Cognits

Palo AltoAustinInformation TechnologySoftwareSoftware

Description

HTEC Group Inc. has acquired Cognits, enhancing its presence in Latin America. This strategic move allows HTEC to leverage Cognits' nearshore delivery capabilities and access to a growing talent pool. Cognits, recognized for its rapid growth, will benefit from HTEC’s cutting-edge projects. The integration of teams is underway, aimed at delivering value to clients.

Company Information

Company

HTEC

Location

Palo Alto, California, United States

About

HTEC is a global digital, product development, and technology engineering firm powering the technological evolution of the world’s most impactful organizations – from disruptive startups to the Fortune 500. With more than 2,000 experts spread across North America and Europe, HTEC is an ideal technology partner for clients and the ultimate growth platform for employees.

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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