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Battery Ventures Acquires Grammatech’S Application Security Testing Software Business, Forming Codesecure

Sep 05, 2023•over 2 years ago

Acquiring Company

BTRY

Acquired Company

GrammaTech

DübendorfRenewable Energy

Description

GrammaTech, a high-profile provider of application security testing products and software research services, today announced that Battery Ventures has acquired its software products division, including the CodeSonar and CodeSentry product lines. The transaction establishes a new, independent entity that will operate under the CodeSecure, Inc. name and be headquartered in Bethesda, Maryland. GrammaTech will continue to offer cyber security research and development services and tools to the US defense and intelligence community.

Company Information

Company

BTRY

Location

Dübendorf, Zurich, Switzerland

About

BTRY is an early-stage battery start-up with a clear mission: to revolutionize the energy storage industry by developing innovative, sustainable, and efficient battery solutions. Our primary objective is to accelerate the global transition to clean energy by providing cutting-edge battery technologies that enable the widespread adoption of renewable energy sources.

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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