Evolv completes acquisition of Future Payments to enhance distribution capabilities
Nov 20, 2024•about 1 year ago
Acquiring Company
Evolv
Acquired Company
Future Payments
NewburghNashvilleFintechFinancial ServicesFinancial ServicesPaymentsFintechLendingDescription
Evolv, a leader in payment acceptance solutions, has strategically acquired Future Payments, a Nashville-based company. This partnership marks a pivotal milestone, with Future Payments rebranded as Evolv Nashville. The acquisition enhances Evolv's distribution capabilities and leadership, paving the way for innovative payment solutions and significant growth.
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