Urbint completes acquisition of WRM Software to enhance utility risk offering for storm response
Jun 19, 2024•over 1 year ago
Acquiring Company
Urbint
Acquired Company
WRM Software
Description
MIAMI-based Urbint, the leading AI platform for identifying and stopping threats to workers and critical infrastructure, has acquired WRM Software, a top utility incident management and storm response company. This acquisition expands Urbint's platform to include storm response, further cementing the company's position as the premier provider of operational risk mitigation solutions to the energy and critical infrastructure sectors.
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