Acquiring Company
HTEC
Acquired Company
Cognits
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.
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