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Vontas, A Modaxo Company, Acquires Orion Labs To Expand Communication Offering

Dec 11, 2023•about 2 years ago

Acquiring Company

Vontas

Acquired Company

Orion Labs, Inc.

Cedar RapidsSan FranciscoSoftwareSoftware

Description

Vontas, a Modaxo company, today announced the acquisition of Orion Labs, a voice-first collaboration platform, expanding the Vontas OnTransit solution with a communications module for a constant flow of information and real-time situational awareness.

Company Information

Company

Vontas

Location

Cedar Rapids, Iowa, United States

About

Reimagining and delivering Intelligent Transportation Systems (ITS) that empower communities to choose transit. Through real-time technology, we help you create a smart, safe, reliable, accessible, and more connected public transit experience. We help you: ✔Provide pinpoint accurate travel information to passengers for stress-free journeys ✔Make transit the #1 choice, by providing more enjoyable transit experiences ✔Improve integration and productivity among teams with real-time automated information flow We are proud to be a Modaxo company and passionate about moving the world's people.

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