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Briq Announces Acquisition Of Swipez

Sep 08, 2022•about 3 years ago

Acquiring Company

Briq

Acquired Company

Swipez

FintechSaasFinancial ServicesSoftware

Description

Briq, the financial automation platform that enables construction companies to grow their business, today announced the acquisition of Swipez, an India-based fintech company that automates the billing and revenue collection processes for businesses.

Company Information

Company

Briq

About

Briq is a financial automation platform that helps construction companies grow their business. Briq automates financial workflows by connecting the people, processes, and systems that contractors use to run their business. By empowering contractors to make better business decisions, hundreds of companies rely on Briq to manage their budget, forecast, and spend. Briq is a remote-first company with employees in Canada, India, and the United States. Learn more at briq.com.

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