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Cherryroad Acquires Infosemantics

Sep 03, 2021•over 4 years ago

Acquiring Company

CherryRoad

Acquired Company

Infosemantics

SoftwareSoftware

Description

CherryRoad Technologies Inc., a leading digital business solutions provider to the public sector, today announced the acquisition of Infosemantics, a global provider of ERP, Digital Transformation, BI, and Cloud Data solutions. Headquartered in Flower Mound, Texas, and a recognized expert in Oracle E-Business Suite, Infosemantics enhances CherryRoad's lead position in Cloud and Digital Transformation solutions, while augmenting global delivery capabilities in the U.S., Europe, and Asia.

Company Information

Company

CherryRoad

About

At CherryRoad, our clients entrust us with the success of their IT solutions, whether we are delivering on-premise ERP, cloud-based application management, colocation, process optimization, change management consulting, or strategic staffing solutions. Throughout our 38-year history, we have successfully partnered with hundreds of public sector and commercial clients to modernize, host, and manage their back-office workloads. Headquartered in Parsippany, N.J. with offices across the U.S., we have earned a solid reputation for combining technology, organizational, functional, and vertical market expertise into practical solutions that deliver results – and targeted business outcomes. For more information, visit www.cherryroad.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