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Bizzabo Acquires Teevid, Launches Ultimate Video Production Suite

Oct 26, 2021•about 4 years ago

Acquiring Company

Bizzabo

Acquired Company

TeeVid

EventsMedia And EntertainmentInformation TechnologySoftware

Description

Bizzabo, the Event Experience Operating System, has acquired TeeVid, a cutting-edge solution for creating, producing, and broadcasting virtual, in-person and hybrid events. With this acquisition, Bizzabo is introducing the Ultimate Video Production Suite to enable Event Experience Leaders to create an immersive experience for attendees and presenters that blends content and video in a seamless TV-like experience, designed for the hybrid future of events.

Company Information

Company

Bizzabo

About

Bizzabo powers immersive in-person, virtual, and hybrid experiences. The Bizzabo Event Experience OS is a data-rich open platform that allows Event Experience Leaders to manage events, engage audiences, activate communities, and deliver powerful business outcomes — all while keeping attendee data private and secure. As a Leader in The Forrester WaveTM: B2B Marketing Events Management Solutions, Q1 2021 Report, we are trusted by world-leading brands to power their events — from Fortune 100 enterprise organizations and financial institutions to creative agencies and scaling tech companies. Bizzabo was founded by Boaz Katz, Alon Alroy, and Eran Ben-Shushan, and has more than 300 employees in its New York, Tel-Aviv, Kyiv, and London offices, as well 15+ remote locations around the world.

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