Checkout.Com To Acquire Ubble To Increase Trust And Safety In The Digital Economy
May 12, 2022•over 3 years ago
Acquiring Company
Checkout.com
Acquired Company
ubble
Description
As part of its drive to expand its financial services offering, global cloud-based payments provider Checkout.com today announced its intent to acquire digital identity verification (IDV) startup, ubble.
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