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Ordermygear Acquires Brightstores To Become The Leading Online Store

Nov 14, 2022•about 3 years ago

Acquiring Company

OrderMyGear

Acquired Company

BrightStores

DallasRetailFashionE CommerceRetailFashionE Commerce

Description

OrderMyGear (OMG), the leading online store platform for selling custom branded merchandise to groups, today announced the acquisition of BrightStores, a leading provider of online company stores for promotional product distributors.

Company Information

Company

OrderMyGear

Location

Dallas, Texas, United States

About

OrderMyGear (OMG) is an industry-leading sales tool, empowering distributors, decorators, and dealers to create sleek, retail-like online stores for every customer – big or small. Since 2008, OMG has been on a mission to simplify the process of selling branded products and apparel to groups and improve the ordering experience. With easy-to-use tools and unmatched support, the OMG platform powers online stores for over 3,500 clients generating more than $2 billion in online sales. Learn more at http://www.ordermygear.com.

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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