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Concord Announces Acquisition Of Evolytics

Mar 31, 2022•over 3 years ago

Acquiring Company

Concord

Acquired Company

Evolytics

Professional ServicesSoftwareInformation Technology

Description

Concord USA, LLC (“Concord”), a leading technology consulting and digital transformation firm, is pleased to announce the acquisition of Evolytics, LLC (“Evolytics”), a privately-held data analytics consulting firm.

Company Information

Company

Concord

About

Concord is a technology consulting firm based in Minneapolis, MN. Founded in 2003, Concord provides strategic consulting and technology services in the cloud, integration, and data space.

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