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Allbound acquires Channel Mechanics, creating industry's most comprehensive PRM platform

Mar 15, 2024•almost 2 years ago

Acquiring Company

Allbound

Acquired Company

Channel Mechanics

AtlantaGalwaySoftwareSoftware

Description

London Technology Club's founder and CEO, Konstantin Sidorov, successfully exits with the acquisition of the leading Partner Relationship Management (PRM) company Channel Mechanics by Allbound. The acquisition creates the industry's most comprehensive PRM platform with more than 1.1 million registered opportunities totalling more than $140 billion of sales through partnerships on the combined platforms, leading to a strong return on investment for Sidorov.

Company Information

Company

Allbound

Location

Atlanta, Georgia, United States

About

Allbound is a technology that unlocks the potential of your business relationships. We are the glue between trading partners, automating the partner relationship lifecycle and providing insights to both vendors and partners that is used to identify mutually beneficial business opportunities. Our customers typically see customer acquisition increases of 55% and cost savings of 65%. By using cutting-edge, AI-fuelled technology to bind businesses together, all parties benefit, as does the end consumer. To learn more, please visit us at www.allbound.com.

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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