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Lightedge Announces Acquisition Of Cavern Technologies, Inc.

Sep 23, 2021almost 4 years ago

Acquiring Company

LightEdge

Acquired Company

Cavern Technologies

Des MoinesPrivacy And SecurityInternet ServicesProfessional ServicesInformation Technology

Description

LightEdge, a leading provider of colocation, cloud and managed service solutions, today announced the acquisition of Cavern Technologies, a premier enterprise-grade data center provider in Kansas City.

Company Information

Company

LightEdge

Location

Des Moines, Iowa, United States

About

LightEdge delivers technology solutions that bring the operational benefits of the public cloud to enterprise IT workloads. We reduce the complexity of IT modernization to help clients reinvest their time, resources, and capital toward innovation over maintenance. Every service is built with the security and performance clients expect and the flexibility and visibility they want. Founded in 1996, LightEdge supports over 1,300 clients and delivers unmatched uptime, security, compliance, and visibility. Our client-centric approach prioritizes understanding each business’ unique goals to deliver the right cloud for every workload and bridge the gap between their multi-cloud environments. Our trusted advisors are here to guide clients from status quo to leading edge so they can focus on serving their clients not their servers.

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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