Hubilo Acquires Fielddrive In A Strategic Acquisition To Strengthen In-Person Event Offering

Feb 22, 2023•almost 3 years ago

Acquiring Company

Hubilo

Acquired Company

fielddrive

DelhiConsumer Electronics

Description

Hubilo Technologies Inc, a leading global event technology company, has acquired fielddrive BVBA as a strategic acquisition, which unites two global leading event technology companies. With access to greater resources, data, and market insight, the combined company will deliver leading products and customer experiences as well as attract more top talent.

Company Information

Company

Hubilo

Location

Delhi, Delhi, India

About

The startup will use the fresh capital to enhance its growth by developing new business functions, advance innovation of its platform, strengthen its product, engineering, and design teams in India, and go-to-market teams in the US, the UK, Europe, Middle East and Africa (EMEA) and Asia Pacific. Virtual and hybrid events platform Hubilo on Tuesday said it has raised $125 million (about Rs 943 crore) in funding, led by Alkeon Capital.

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

Hubilo Acquires Fielddrive In A Strategic Acquisition To Strengthen In-Person Event Offering

Description

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M&A Insights

Company Information