Acquiring Company
Cognyte Software
Acquired Company
GroupSense
Description
Cognyte Software Ltd. has announced its acquisition of GroupSense, Inc. for approximately $9 million. This move aims to enhance Cognyte's U.S. growth strategy and expand its global customer base. The acquisition will enable GroupSense customers to adopt Cognyte's advanced cyber threat intelligence platform.
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