Alithya Acquires Vitalyst, Adding Change Enablement And Subscription-Based Adaptive Learning To Its Strategic Offering
Feb 01, 2022•almost 4 years ago
Acquiring Company
Alithya Group
Acquired Company
Vitalyst
Description
Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya") is pleased to announce that it has completed the acquisition of US-based Vitalyst, LLC ("Vitalyst") for a purchase price of up to US$50.2 million (C$64.1 million). Vitalyst is an award-winning Microsoft Gold Partner providing best-in-class employee experience and transformative change enablement via the on-demand, subscription-based Adaptive LearningTM proprietary platform.
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