Elixirr Announces Strong H1 Results And Acquisition Of Generative Ai Company, Expanding Its Digital Offering To Fuel Its Ambitious Growth Plans
Sep 18, 2023•almost 2 years ago
Acquiring Company
Elixirr
Acquired Company
Inverted AI
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.
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