Acquiring Company
CoAdvantage
Acquired Company
PrimePay
ChesterSoftwareVenture CapitalFinanceFinancial ServicesDescription
CoAdvantage and PrimePay have announced a merger to create a differentiated suite of human capital management solutions for small and mid-sized businesses. This strategic combination aims to enhance service offerings and improve customer experiences in payroll and HR services. The merger is expected to close by mid-2025.
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