Datacor Acquires Format Solutions, A Leader In Software For The Animal Nutrition And Pet Food Markets

Mar 07, 2022•over 3 years ago

Acquiring Company

Datacor

Acquired Company

Format Solutions

Description

Datacor, Inc., a leading provider of process manufacturing and chemical distribution software, announces the acquisition of Format Solutions. Format Solutions specializes in the design, authoring and marketing of software for recipe optimization, ingredient allocation, operational efficiency and food and feed formulation solutions for the animal feed, aqua feed, pet food, human food, premix and other industries.

Company Information

Company

Datacor

About

Datacor is a leading provider of process manufacturing and chemical distribution software that helps professionals maximize productivity, use data as a competitive advantage and drive smarter business growth. By remaining a single source of trusted technology, upholding a longstanding reputation as industry experts and serving as a partner in business improvement, we help modern businesses optimize sales and better serve their customers. Learn more at www.datacor.com.

Related People

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