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Opengate Capital Portfolio Company Coremedia Acquires Byside And Smarkio; Investment To Strengthen Digital Experience Capabilities

Aug 03, 2023•over 2 years ago

Acquiring Company

CoreMedia

Acquired Company

BySide

Software

Description

OpenGate Capital (“OpenGate”), a global private equity firm, announced today that its portfolio company, CoreMedia (the “Company”), a global leader in Digital Experience Platform (DXP) and Content Management software solutions, has acquired two companies: BySide, a provider of SaaS customer journey, engagement, and personalization solutions, and Smarkio, a provider of SaaS chatbot solutions to B2C brands. Financial terms of the acquisitions were not disclosed.

Company Information

Company

CoreMedia

About

CoreMedia is a global leader in Content Management Systems (CMS) and Digital Experience Platform (DXP) solutions. With over 27 years of experience, CoreMedia's uniquely customizable hybrid headless approach, based on a composable DXP, brings ideas to life quickly and efficiently, delivering personalized experiences at enterprise scale. That is why ambitious global B2C and B2B brands, including John Deere, Deckers Brands, Under Armour, Luxottica, T-Mobile, and Finnair, trust CoreMedia to transcend the boundaries of traditional content management and future-proof their tech stack.

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