Eckoh, The Leading Customer Engagement Security Provider, Acquires Syntec For $41M To Enhance Its Product Offering, Extend Patented Ip And Accelerate Cloud Growth
Dec 23, 2021•almost 4 years ago
Acquiring Company
Eckoh PLC
Acquired Company
Syntec
Description
Eckoh, the leading Customer Engagement data and payment security provider, has completed its acquisition of Syntec Holdings Ltd (Syntec), a UK-based company specializing in secure payment solutions for Contact Centers, for £31m ($41m).
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