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Fastly Announces Acquisition Of Glitch

May 19, 2022•over 3 years ago

Acquiring Company

Fastly

Acquired Company

Glitch

San FranciscoSoftware

Description

Fastly, Inc. (NYSE: FSLY), the world’s fastest edge cloud platform, today announced it has acquired Glitch, a developer platform where more than 1.8 million developers innovate, create, and share full-stack web apps without having to run the infrastructure or manage tools themselves.

Company Information

Company

Fastly

Location

475 Brannan Street Suite 300

San Francisco, California, United States

About

Fastly is upgrading the internet experience to give people and organizations more control, faster content, and more dynamic applications. By combining the world’s fastest global edge cloud network with powerful software, Fastly helps customers develop, deliver, and secure modern distributed applications and compelling digital experiences. Fastly’s customers include many of the world’s most prominent companies, including Pinterest, The New York Times, and GitHub.

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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