logo
logo

Ever.Ag Acquires Austin Data Labs: Unveiling The Next Wave In Agtech

Oct 24, 2023almost 2 years ago

Acquired Company

Austin Data Labs

AustinBig DataMachine LearningArtificial IntelligenceAgriculture and FarmingSoftwareAnalytics

Description

Exciting transformations are underway at Ever.Ag, a distinguished software provider serving the agriculture industry. In a deliberate move to unify a fragmented agricultural supply chain, Ever.Ag acquired Austin Data Labs, an award-winning AI and data science firm known for pioneering innovative data solutions, earlier this year.

Company Information

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