logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Delaplex Ventures Announces Acquisition Of Get Valet, Rebrand And New Digital Platform

Mar 02, 2022•almost 4 years ago

Acquiring Company

delaPlex Ventures

Acquired Company

GET IT Corporation

Financial ServicesSoftwareTransportationMobileInformation TechnologySoftwareInternet Services

Description

delaPlex Ventures, a venture studio that transforms ideas into market-leading products and SaaS solutions, today announced the acquisition of GET Valet, a parking technology company, rebranding under a new name, GET IT Corporation ("GET IT"), and the company's new digital SaaS platform. The move to acquire GET Valet first started in July of 2021 when GET Valet took steps to emerge from the pandemic with the addition of parking solution enhancements, modules, and customer re-engagement opportunities. The acquisition process took four months, and the asset purchase deal was signed in November of 2021.

Company Information

Company

delaPlex Ventures

About

delaPlex Ventures is a venture studio that provides a strategic blend of world-class discipline experts, operational support, and capital funding to help clients transform their ideas into profitable, market-leading products and SaaS solutions. By using a collaborative agile approach with an in-house toolbox of professional services, clients of delaPlex Ventures can strategically address their business needs, thereby enabling them to focus on what they do best and turn their visions into formidable companies for the long term.

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