Acquiring Company
ClearCompany
Acquired Company
Whyline
Description
Today, CLEAR (NYSE: YOU), the secure identity company, announced it has acquired Whyline Inc., a leading provider of virtual queuing and appointment technology, in an all-cash transaction. With everything just a click away, consumers want control and predictability now more than ever. Virtual queuing is helping meet these new demands while making everyday routines faster and easier. CLEAR will leverage their combined technologies and platforms to bring innovation into routine, but time-consuming, activities - giving people more control over their day-to-day experiences across the globe.
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