Citiustech Acquires Wilco Source, Expands Specialized Salesforce Capabilities For Healthcare & Life Sciences

Nov 09, 2022•over 2 years ago

Acquiring Company

CitiusTech

Acquired Company

Wilco Source

PrincetonInformation TechnologyMedicalBiotechnologyHealth CareInformation Technology

Description

CitiusTech, a leader in healthcare technology and consulting services, today announced that it has acquired Wilco Source, one of the world’s leading providers of Salesforce consulting and implementation services for healthcare and life sciences companies.

Company Information

Company

CitiusTech

Location

Princeton, New Jersey, United States

About

CitiusTech is a global IT services, consulting, and business solutions enterprise 100% focused on the healthcare and life sciences industry. We enable 140+ enterprises to build a human-first ecosystem that is efficient, effective, and equitable with deep domain expertise and next-gen technology. With over 8,500 healthcare technology professionals worldwide, CitiusTech powers healthcare digital innovation, business transformation, and industry-wide convergence through next-generation technologies, solutions, and products.

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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