logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Connectwise Announces Acquisition Of Wise-Sync

Aug 31, 2022•over 3 years ago

Acquiring Company

ConnectWise

Acquired Company

Wise-Sync

It ManagementCyber SecurityEnterprise SoftwareSaasInformation TechnologySoftware

Description

ConnectWise, the world’s leading software company dedicated to the success of IT solution providers, today announced it has acquired Wise-Sync, an integrated payment automation platform and long-term partner in the ConnectWise ecosystem.

Company Information

Company

ConnectWise

About

ConnectWise is the world's leading software company dedicated to the success of IT solution providers (TSPs) through unmatched software, services, community, and marketplace of integrations. ConnectWise offers an innovative, integrated, and security-centric platform—AsioTM—which provides unmatched flexibility that fuels profitable, long-term growth for partners. ConnectWise enables TSPs to drive business efficiency with automation, IT documentation, and data management capabilities and increase revenue with remote monitoring, cybersecurity, and backup and disaster recovery technologies. For more information, visit connectwise.com. PR Contact:Jeff Tieszen, Touchdown PR512-394-8568connectwise@touchdownpr.com *Data based on A Forrester Total Economic ImpactTM Study Commissioned By ConnectWise - 2018

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