Icims Acquires Skillsurvey, A Pioneer In Skills Verification And Digital Reference Checking
Oct 26, 2022•almost 3 years ago
Acquiring Company
iCIMS
Acquired Company
SkillSurvey
Description
iCIMS, the talent cloud company, today announced the acquisition of SkillSurvey, a pioneer in skills verification and digital reference checking that helps more than 2,300 companies make the best possible talent decisions.
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