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Applications Software Technology Announces Strategic Acquisition Of Computer Technology Resources

Jan 09, 2023•almost 3 years ago

Acquiring Company

AST LLC

Acquired Company

Computer Technology Resources

LisleEnterprise SoftwareSaasInformation TechnologySoftwareCrmConsultingInformation Technology

Description

Applications Software Technology (AST), a leading digital transformation solutions provider, announced today the acquisition of Computer Technology Resources, Inc. (CTR) to further expand the breadth of AST’s service offerings in the Oracle and adjacent cloud ecosystems.

Company Information

Company

AST LLC

Location

Lisle, Illinois, United States

About

AST is an award-winning full-service enterprise systems integrator, serving clients in the Public and Commercial Sectors for more than two decades. Clients look to AST for leadership and assistance in systems integration, business process redesign, project management, systems administration, and training. From on-premise applications to modern cloud technology, AST’s services encompass all aspects of Enterprise Resource Planning, Business Intelligence, Enterprise Performance Management, Customer Experience, and Middleware. AST also offers flexible Managed Services, supporting the needs of over 200 Public Sector and Commercial customers around the globe.

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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