Acquiring Company
AppDirect
Acquired Company
Broker Online Exchange
Description
AppDirect has successfully acquired Broker Online Exchange (BOX) to enhance its services in the energy sector amid rising demand. The purchase was completed on May 8 at an enterprise valuation of $85 million USD. BOX will continue to operate as a distinct unit while leveraging AppDirect's technology solutions. This acquisition marks AppDirect's fifth since the beginning of 2023.
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