Figmints Digital Creative Marketing Announces Acquisition Of Sales Renewal Corporation
May 20, 2022•over 3 years ago
Acquiring Company
Figmints Digital Creative Marketing
Acquired Company
Sales Renewal
Description
Providence-based, full-service marketing firm, Figmints, announced today that it has acquired Boston-based outsourced marketing firm, Sales Renewal, which has been servicing clients since 2009. Figmints will be integrating Sales Renewal's Implementation Business clients and staff into existing business units, and will continue to offer a full range of high-quality marketing services.
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