Blaze Cannabis Retail Software Announces Acquisition Of Tymber E-Commerce Platform
Jan 11, 2023•almost 3 years ago
Acquiring Company
BLAZE Cannabis Retail Software
Acquired Company
Tymber E-commerce
Description
BLAZE®, the industry-leading cannabis software suite and point-of-sale (POS) platform for cannabis dispensaries and delivery services, today announced its acquisition of Tymber, a pure-play e-commerce provider for cannabis retailers. The acquisition will unlock powerful and seamless functionality in managing cannabis e-commerce.
M&A Insights
Based on deal dataIntegration 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