Govexec Acquires Atarc, The Leading Convenor Of Government, Industry, And Academia To Solve The Government'S Challenges
Jun 01, 2023•over 2 years ago
Acquiring Company
GovExec
Acquired Company
ATARC
GovernmentAnalyticsEvent ManagementNon ProfitGovernmentEducationEvents
Description
GovExec, the market-leading sales and marketing intelligence company for government leaders and contractors, announced today that it has acquired The Advanced Technology Academic Research Center (ATARC), the trusted leader in convening stakeholders from the federal government, academia, and industry in collaborative forums to identify, discuss and resolve emerging technology challenges. The financial terms of the investment are not being disclosed. The announcement was made by Tim Hartman, CEO of GovExec. Peter Goldstone, Chairman of GovExec, served as an advisor, and the deal was completed with financial support from mid-market private equity firm Growth Catalyst Partners (GCP).
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