Hummingbird completes acquisition of LogicLoop to advance data integration and automation capabilities
Sep 20, 2024•about 1 year ago
Acquiring Company
Hummingbird
Acquired Company
LogicLoop
Description
Hummingbird, a leading provider of financial crime risk management solutions, has announced the acquisition of LogicLoop. This acquisition represents a significant step forward in Hummingbird’s mission to become the core operating platform for financial crime fighters, allowing financial institutions to unify, explore, and act on their risk and compliance data. By integrating LogicLoop's innovative technology, Hummingbird aims to tackle data fragmentation and empower risk and compliance teams to streamline operations, enhance decision-making, and deliver more impactful outcomes.
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