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Datasite Announces Acquisition Of Toronto-Based Firmex

Jul 26, 2021over 4 years ago

Acquiring Company

Datasite

Acquired Company

Firmex

Description

Datasite®, a leading SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, today announced the strategic acquisition of Firmex, a leading virtual data room and subscription file-sharing provider based in Toronto, Canada.

Company Information

Company

Datasite

About

Datasite is a leading SaaS (software as a service) provider for the M&A industry, empowering dealmakers around the world with the tools they need to succeed across the entire deal lifecycle. For more information, visit www.datasite.com.

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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