Mri Software Announces Acquisition Of Springboard, A Leading Provider Of Retail Footfall Counting And Ai-Powered Analytics
Oct 03, 2022•almost 3 years ago
Acquiring Company
MRI Software
Acquired Company
Springboard
Description
MRI Software, a global leader in real estate software solutions, today announced the acquisition of UK-based Springboard, a leading provider of footfall counting and artificial intelligence (AI)-powered analytics to retailers, landlords, and government bodies. In acquiring Springboard, MRI will expand its [email protected]TM for Retail solutions suite, which currently serves more than 500 retailers and retail property owners and operators globally.
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