Blueprint Finance Acquires Jet Protocol to Expand Product Suite to Solana
Oct 29, 2024•about 1 year ago
Acquiring Company
Blueprint Finance
Acquired Company
Jet Protocol
Description
Blueprint Finance, core developer of the Concrete Network, has announced the acquisition of Jet Protocol, a developer of Solana decentralized finance products. The acquisition aims to expand Blueprint Finance's product suite to Solana and enhance its capabilities in the decentralized finance ecosystem.
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