Fortis Acquires Payment Logistics Expanding Its Embedded Payments Footprint & Technology Stack
Nov 15, 2022•about 3 years ago
Acquiring Company
FORTIS Digital Solutions
Acquired Company
Payment Logistics
DubaiPaymentsLogisticsFintechE CommerceDescription
Fortis, the leader in embedded payments for software providers, today announced the company is expanding its suite of technology solutions by acquiring Payment Logistics, an industry-leading payment technology company based in La Jolla, California. Payment Logistics not only brings dozens of embedded payments partnerships but a myriad of cutting-edge solutions and a highly experienced team to the Fortis family.
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