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Lumine Group Acquires Wiztivi

Dec 13, 2022•almost 3 years ago

Acquiring Company

Lumine Group

Acquired Company

Wiztivi

TorontoCarquefouSoftwareGamingVideo Games

Description

Lumine Group Inc. (“Lumine”), an indirect subsidiary of Constellation Software Inc. (TSX:CSU), today announced that it has completed the carve-out acquisition of Wiztivi, a leader in building enthralling user experiences, video applications, and cloud gaming solutions across all screens, from SFR. Wiztivi will operate as an autonomous business unit within Lumine. This acquisition further strengthens Lumine’s presence in the content & media software segment.

Company Information

Company

Lumine Group

Location

Toronto, Ontario, Canada

About

Lumine Group is a leading global acquirer of communications & media software businesses. Lumine empowers businesses to grow by providing an ecosystem with access to a network of global, like-minded professionals, customers, and partners. Lumine Group is a division within Volaris Group, a subsidiary of Constellation Software Inc. (TSX:CSU). Learn more at www.luminegroup.com and via LinkedIn.

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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