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Alithya Acquires Vitalyst, Adding Change Enablement And Subscription-Based Adaptive Learning To Its Strategic Offering

Feb 01, 2022almost 4 years ago

Acquiring Company

Alithya Group

Acquired Company

Vitalyst

MontrealInformation TechnologyAnalytics

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.

Company Information

Company

Alithya Group

Location

Montreal, Quebec, Canada

About

Alithya Group Inc. is a professional services firm that provides strategy and technology consulting, Microsoft and AWS cloud management services, and data and analytics in the healthcare sector

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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