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Tools

AbsenceSoft partners with Luminate Capital Partners

Sep 17, 2024•over 1 year ago

Acquiring Company

AbsenceSoft

Acquired Company

Luminate Capital Partners

San FranciscoAngel InvestmentVenture CapitalFinanceFinancial ServicesSoftware

Description

AbsenceSoft has partnered with Luminate Capital Partners for a strategic acquisition.

Company Information

Company

AbsenceSoft

About

Leave management system and accommodation automation with a human touch for Enterprises seeking compliance with Ever-Changing Leave Laws. Customizable, Innovative Absence Management Software.

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