Jitterbit Acquires Low-Code Dev Innovator Primeapps To Give Organizations A Radically New Way To Build Business Apps

Jan 12, 2022•over 3 years ago

Acquiring Company

Jitterbit

Acquired Company

Jitterbit

Alameda

AlamedaInformation TechnologySoftwareInformation TechnologySoftware

Description

Jitterbit, the API transformation company, today announced it has acquired PrimeApps, a Turkey-based innovator in low-code application development. By combining Jitterbit’s API integrator with PrimeApps, the company will offer the first end-to-end platform that allows non-technical people to easily build and deploy business apps with enterprise-grade features that can connect to any system, all via a low-code, custom design interface.

Company Information

Company

Jitterbit

Location

Alameda, California, United States

About

Jitterbit, the API transformation company, makes it quicker and easier for businesses to exploit data from any source, empowering them to rapidly innovate and make faster, more effective decisions. The Jitterbit API integration and low-code application development platform enables companies to quickly create and connect SaaS, on-premise, and cloud applications and instantly infuse intelligence into any business process.

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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