Driveniq Acquires Visitor Data Inc., Now Owns 500+ Million 1St Party Consumer Records
Mar 21, 2022•over 3 years ago
Acquiring Company
DrivenIQ
Acquired Company
Visitor Data
Description
Capstone Technologies Group, Inc (OTC: CATG) a company that acquires, operates and organically develops disruptive technologies, today provided an update related to its initial minority interest in data technology and media company, DrivenIQ.
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