Fluence Acquires Sturnis365 For Collaborative Disclosure Management And Narrative Reporting
Jul 05, 2022•over 3 years ago
Acquiring Company
Fluence Technologies - www.fluencetech.com
Acquired Company
Fluence Technologies - www.fluencetech.com
Music And AudioCommerce And ShoppingCommerce And ShoppingMusic And Audio
Description
Fluence Technologies, the only provider of purpose-built financial consolidation, close and reporting software for high-growth businesses, today announced the acquisition of Sturnis365, the leading provider of intelligent, collaborative disclosure management and narrative reporting solutions.
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