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Chronus Announces Strategic Acquisition Of Ementorconnect

Aug 25, 2022•over 3 years ago

Acquiring Company

Chronus

Acquired Company

Chronus

SeattleSeattleHealth CareSoftwareSportsInternet ServicesHealth CareSoftwareSportsInternet Services

Description

Chronus, the leading enterprise mentoring platform, today announces the acquisition of eMentorConnect, a cloud-based platform that helps growing teams and enterprise-level organizations configure their mentoring solutions. A natural alignment, both Chronus and eMentorConnect have a shared mission and vision to create impactful mentoring strategies and offerings for organizations looking to build forward-thinking and inclusive workforces.

Company Information

Company

Chronus

Location

Seattle, Washington, United States

About

Chronus empowers the world’s top employers to shape the future-ready workforce, delivering mentoring software that unleashes the full potential of their people. Powering thousands of programs for millions of people, Chronus has been the market maker and innovator in mentoring software since the company was founded in 2007. The most innovative organizations in the world, such as Amazon, Edward Lifesciences, Electronic Arts, ViaSat and Mars rely on Chronus every day to power their inclusive and future-ready mentoring programs.

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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