Kumospace Acquires Kosy Office To Accelerate Growth In Virtual Collaboration Market
Aug 16, 2023•over 2 years ago
Acquiring Company
Kumospace, Inc.
Acquired Company
Office
New YorkSaasSoftwareInformation TechnologyDescription
Kumospace , the leading provider of virtual office software for teams, today announced the acquisition of Kosy , a provider of innovative collaboration and communication software. The acquisition will enable Kumospace to accelerate its growth in the rapidly growing virtual collaboration market.
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