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Aluf Holdings, Inc. To Acquire Bizz Shield Pro, Inc. A Premier Benefits Provider Network And Revenue Generation Platform

Nov 03, 2022•about 3 years ago

Acquiring Company

Aluf Holdings

Acquired Company

Bizz Shield Pro

Financial ServicesInformation TechnologyHealth Care

Description

Aluf Holdings, Inc. ("AHIX") ("Aluf") (OTC PINK: AHIX) a holding company engaged in acquiring, operating, and managing subsidiary companies in the development and sale of proprietary software, and technology solutions, today announced the execution of a non-binding Letter of Intent to acquire Bizz Shield Pro, Inc., a privately held company with a technology-based platform providing discount medical and life-style benefit programs, as well as income generation opportunities for entrepreneurs.

Company Information

Company

Aluf Holdings

About

Aluf Holdings, Inc. is a publicly traded holding company whose core competency is to strategically acquire, manage and propel technology companies into the future. Our core focus is the Biometric, Cybersecurity, Blockchain, and Software/Hardware verticals. For more information go to www.aluf.com

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