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Fresche Solutions Acquires Abacus, Becomes The World’S First Ibm I Cloud, Managed Services And Application Modernization Solution Provider

Sep 30, 2021•about 4 years ago

Acquiring Company

Fresche Solutions

Acquired Company

Abacus

MontrealInformation TechnologySoftwareSales And Marketing

Description

Fresche Solutions is pleased to announce the acquisition of Abacus Solutions LLC, a leading provider of IBM i cloud, managed services and infrastructure solutions. With this acquisition, Fresche becomes the world’s largest end-to-end provider of IBM i solutions and the premier modernization and transformation partner for thousands of companies that rely on mission-critical IBM Power Systems running IBM i.

Company Information

Company

Fresche Solutions

Location

Montreal, Quebec, Canada

About

Fresche is an IT consulting and development company. We are experts in strategy , design, development, modernization and transformation. We help build, integrate and support some of the most complex business-critical systems running today. We bridge the gap between old and new, giving our customers the digital capabilities they need today and for the future. We’ve helped companies such as Adidas, Volvo, Royal Caribbean Cruises LTD, fiserv, New Penn, JF Fabrics, Challenger, and many others change the way they scale business and better compete in todays digital world. Join our dynamic team today and help shape the future of technology.

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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