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California Tacos, Inc. Announces Plans To Acquire Onplate Mobile App
PRIVATESep 28, 2021•over 4 years ago
Acquiring Company
California Tacos, Inc.
Acquired Company
OnPlate
Description
California Tacos, Inc announced today that it has entered into a binding Letter of Intent to acquire “OnPlate,” a mobile app technology company.
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