Apexanalytix Acquires Darkbeam To Create Industry-First Suite Of Supplier Risk Management Offerings

Sep 26, 2023•almost 2 years ago

Acquiring Company

apexanalytix

Acquired Company

Darkbeam

New YorkPrivacy And SecuritySoftwareRisk ManagementNetwork SecurityCyber SecurityInformation Technology

Description

apexanalytix® (“apex”), a leading provider of global supply chain risk management data, software and services, today announced it has acquired Darkbeam, a leader in supplier cyber risk management. The acquisition marks a significant milestone in apexanalytix’s mission to provide comprehensive risk management solutions to its clients worldwide.

Company Information

Company

apexanalytix

Location

New York, United States

About

apexanalytix revolutionized recovery audit with advanced analytics and the introduction of firststrike overpayment and fraud prevention software. Today, apex also leads the world in supplier management innovation with apexportal® and smartvm®, now the most widely used supplier onboarding and compliant master data management solution in global procure-to-pay processes. With over 250 clients in the Fortune 500 and Global 2000, apex provides companies and their suppliers with the ultimate supplier management experience.

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