Docuphase Acquires Frevvo To Extend Its Solution-Based Automation Platform
Aug 09, 2022•about 3 years ago
Acquiring Company
DocuPhase
Acquired Company
Frevvo
Description
DocuPhase, a leading provider of Business Process Automation (BPA), accounting automation, and B2B payments software and solutions, announced the acquisition of Frevvo, a workflow automation company providing digital online web forms to capture and manage data. The addition of Frevvo's form and signature technologies further enhances the DocuPhase automation platform, which today offers data recognition (OCR), document management, workflow automation, accounting automation, and payment processing technologies to more than 1,000 customers.
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