Himalaya Technologies to acquire Mad Hatter Society, Inc. to expand digital finance capabilities
May 31, 2024•over 1 year ago
Acquiring Company
Himalaya Technologies
Acquired Company
Mad Hatter Society
PittsburghRobesoniaBlockchainArtificial IntelligenceInformation TechnologyDescription
Himalaya Technologies, a premier technology development company, has announced its intent to acquire Mad Hatter Society, Inc. This strategic acquisition aims to significantly expand Himalaya's digital finance capabilities and enhance its portfolio of Web3 offerings.
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