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Leap Acquires Jobprogress, Expanding Platform Offering To Meet Customer Needs

Mar 10, 2022over 3 years ago

Acquiring Company

Leap

Acquired Company

JobProgress

San FranciscoRenewable EnergyReal EstateSales And MarketingSoftware

Description

Leap, a leading provider of home contractor sales enablement software, today announced the acquisition of JobProgress, a leading workflow and CRM product for home contractors. Together, Leap and JobProgress will serve more than 2,400 home contractors in North America.

Company Information

Company

Leap

Location

San Francisco, California, United States

About

Leap is the leading platform for generating new value from distributed energy resources (DERs) through integration with energy markets. Through its software-only solution, Leap facilitates fast, easy and automated access to high-value grid services revenue streams for the providers of batteries, electric vehicle charging, smart thermostats, HVAC systems and other flexible assets. By aggregating the DERs enrolled on its platform, Leap supplies virtual power plants (VPPs) to balance the grid. Leap enables its partners and their customers to unlock new value streams and help create a more flexible, resilient grid powered by renewable resources.

FundzWatch™ Score

64
High M&A Activity
9 total signals

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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