Cardworks Announces Acquisition Of Dataline Systems To Expand Services For Lenders And Asset Managers
Jan 03, 2023•almost 3 years ago
Acquiring Company
CardWorks
Acquired Company
Dataline Systems
Description
CardWorks Servicing, LLC ("CWS"), a wholly-owned subsidiary of CardWorks, Inc. ("CardWorks") and one of the largest privately-held providers of end-to-end outsourcing support services for credit card and installment loan products in North America, today announced it has successfully completed the acquisition of Dataline Systems, LLC ("Dataline"). Founded in 1986, Dataline is an Apopka, Fla.-based privately-held provider of business process outsourcing and financial services operations support. Financial terms of the transaction were not disclosed.
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