Crosslink Professional Tax Solutions (Cpts) Announces The Acquisition Of Taxpro Firm, Pc (Taxpro Alliance) And Audit Allies Association, Inc. (Audit Allies)
Jul 05, 2022•over 3 years ago
Acquiring Company
CrossLink Professional Tax Solutions
Acquired Company
TaxPro
Description
CrossLink Professional Tax Solutions ("CPTS", or the "Company"), a leading provider of professional tax software solutions to professional tax preparers across the United States, announced today the addition of TaxProFirm, LLC ("Tax Pro Alliance") and Audit Allies Association, Inc. ("Audit Allies") to the CrossLink family.
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