Catax, A Ryan Company, Acquires Leading Grant Funding Firm, Granted Consultancy
Jan 04, 2023•almost 3 years ago
Acquiring Company
Catax
Acquired Company
FLR GRANTS, INC.
Description
Ryan, a leading global tax services and software provider, today announced that innovation funding specialist Catax, a Ryan Company, has acquired a leading grant funding and consultancy firm, Granted Consultancy (Granted).
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