Mitratech Acquires Circa And Trakstar, Unifying Top Technology Platforms Through Continued Investment In Hr Compliance & Talent Strategy

Apr 11, 2023•over 2 years ago

Acquiring Company

Mitratech

Acquired Company

Circa

Professional ServicesData And AnalyticsSoftwareHuman ResourcesEnterprise SoftwareSaasSoftware

Description

Mitratech, a leading global provider of legal, compliance, and HR software, today announces the expansion of its Human Resources portfolio of solutions through the acquisition of two technology companies: Circa, a market-leading Office of Federal Contract Compliance Programs (OFCCP) and Diversity Equity and Inclusion (DEI) software provider; and Trakstar, a best-in-class talent acquisition, development, and performance management solution.

Company Information

Company

Mitratech

About

Mitratech is a proven global technology partner for corporate legal, risk & compliance, and HR professionals seeking to maximize productivity, control expense, and mitigate risk by deepening operational alignment, increasing visibility, and spurring collaboration across their organization. That helps them rise to the challenge of serving the evolving needs of the modern, dynamic enterprise. SOURCE Mitratech Holdings Inc

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

Mitratech Acquires Circa And Trakstar, Unifying Top Technology Platforms Through Continued Investment In Hr Compliance & Talent Strategy

Description

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M&A Insights

Company Information