Acquiring Company
CPT Network Solutions
Acquired Company
MConnect
Description
CPT Network Solutions ("CPT"), a leading enterprise IT Services Deployment firm, announced today that it has acquired MConnect, Inc. ("MConnect"), a leading Florida hosted telecom provider established in 2004. MConnect joins KeyCom as a family of CPT Companies. The combination furthers CPT's position in the Senior Living facilities market and provides new solutions to meet their resident's needs.
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