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Design Manager acquires DesignSpec and Lojik Design Systems to broaden offerings for interior designers

Oct 30, 2024•about 1 year ago

Acquiring Company

Design Manager

Acquired Company

DesignSpec

New YorkWinnipegDallasOtherInformation TechnologySoftwareHospitality

Description

Design Manager, a leader in interior design software, has expanded its offerings by acquiring DesignSpec and Lojik Design Systems. This strategic move aims to meet the growing needs of commercial and hospitality-focused firms, strengthening its comprehensive suite for interior designers and architects and empowering design professionals with comprehensive solutions.

Company Information

Company

Design Manager

Location

New York, New York, United States

About

DesignSpec is a rapidly growing platform, recognized as the most modern and advanced tool for specification writing in the design industry. Lojik Design Systems has been an industry leader for decades, setting the gold standard in specifications and procurement tools with their innovative software solutions, Spexx and Exxpedite.

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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