Acquiring Company
Firefly Neuroscience
Acquired Company
Evoke Neuroscience
KenmoreNew YorkHealth CareMedicalBiotechnologyHealth CareDescription
Firefly Neuroscience, Inc. has acquired Evoke Neuroscience, Inc. for $6 million, with the payment split between cash and stock. This acquisition will significantly expand Firefly's database and technology portfolio in brain health assessment. The deal is expected to enhance both companies' capabilities and drive future growth. Evoke's investors may also receive an earn-out based on revenue targets.
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