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Elixirr Announces Strong H1 Results And Acquisition Of Generative Ai Company, Expanding Its Digital Offering To Fuel Its Ambitious Growth Plans

Sep 18, 2023almost 2 years ago

Acquiring Company

Elixirr

Acquired Company

Inverted AI

LondonVancouverBusiness Consulting and ServicesSoftware Development

Description

Elixirr International plc (AIM:ELIX) (“Elixirr”), the established, global award-winning challenger consultancy, is pleased to announce its interim results for the first half of the financial year ending 30th June 2023. These results coincide with the acquisition of large language model and generative AI acceleration platform, Responsum, bolstering the firm’s services in the emerging technology space.

Company Information

Company

Elixirr

Location

London, England, United Kingdom

About

Elixirr is an award-winning global consulting firm working with clients across a diverse range of industries, markets and geographies. Founded in 2009, the firm set out to be the 'challenger consultancy' and do things differently than the large corporate consultancies dominating the industry: working openly and collaboratively with clients from start to finish, delivering outcomes based on innovative thinking, not methodology, and treating each client's business like their own. In 2020, Elixirr listed with AIM on the London Stock Exchange. Following strong organic growth, Elixirr adopted a multi-brand strategy and has since acquired six boutique firms – Insigniam, Responsum, Den, Coast Digital, Retearn and iOLAP – to grow their capabilities, expand into new geographies and markets, access new clients and talent, and more.

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