Epicore Biosystems Acquires Eccrine Systems Assets, Adds Seasoned Executive Laura Lang To Its Board Of Directors
May 04, 2022•about 3 years ago
Acquiring Company
Epicore Biosystems
Acquired Company
Eccrine Systems
Description
Upon completing its recent $10 million series A funding round, digital health and wearable solutions company Epicore Biosystems announced today that it has acquired the assets and intellectual property of Eccrine Systems, a Cincinnati-based wearable sensor company with advanced aptamer-based sweat sensing technology utilized for precision medicine and adherence monitoring. Epicore also added Laura Lang, marketing executive, investor, and previous CEO of Time, Inc. and Digitas to its board of directors.
FundzWatch™ Score
77
High M&A Activity
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