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Harness completes acquisition of Split Software to enhance software delivery platform

Jun 12, 2024•about 1 year ago

Acquiring Company

Harness

Acquired Company

Split Software

Enterprise SoftwareInformation TechnologySoftware

Description

Harness, the Modern Software Delivery Platform® company, has successfully completed the acquisition of Split Software, a leading feature management and experimentation provider. This acquisition aims to integrate Split's robust feature management and experimentation solution within the Harness Software Delivery platform, enabling customers to build, deploy, and release software more efficiently with A/B testing capabilities.

Company Information

Company

Harness

About

Harness is a modern software delivery platform that allows engineers and DevOps to build, test, deploy, and verify software, on-demand.

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