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Big Band Software Acquires Workzone To Transform Project Management Space

Jan 08, 2024•almost 2 years ago

Acquiring Company

Big Band Software

Acquired Company

Workzone

MinneapolisPhiladelphiaIt ManagementEnterprise SoftwareSaasSoftwareInformation TechnologyInformation Technology

Description

Big Band Software, a B2B SaaS software holding company, today announces its second acquisition since launching in 2023. Big Band Software has closed on its purchase of Workzone, a leading Project Management Platform leveraged by companies, universities, and hospitals to drive large volumes of mission-critical work.

Company Information

Company

Big Band Software

Location

Minneapolis, Minnesota, United States

About

Big Band Software is a better software holding company for amazing B2B SaaS companies. With a strong focus on culture and leadership development for the businesses they buy, Big Band Software is a great home for people and software that creates more value for more customers year after year. In 2023, Big Band is buying businesses with $1-10 million in revenue. For more information, please visit www.bigbandsoftware.com SOURCE Big Band Software

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