Global Fintech Company Givex Completes Acquisition Of Counter Solutions
Aug 15, 2022•almost 3 years ago
Acquiring Company
Givex Corp
Acquired Company
Counter Solutions
Description
Givex Information Technology Group LTD ("Givex") (TSX: GIVX) (OTCQX: GIVXF) has completed the purchase of all of the outstanding shares of Counter Solutions Holdings LTD ("Counter Solutions").
FundzWatch™ Score
73
High M&A Activity
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