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.
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