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Acquiring Company
Convey
Acquired Company
WORQ
Description
Convey has announced its acquisition of Selectron, enhancing its engagement operating system with additional capabilities. This strategic purchase aims to combine strengths in citizen engagement, field operations, and payment solutions. The acquisition serves a broad client base, including utilities and government organizations. It will enable Convey to better support their mission in customer engagement.
Related People
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