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Performant Capital Acquires Design Manager From 1Stdibs

Jun 29, 2022•over 3 years ago

Acquiring Company

Performant Capital

Acquired Company

Design Manager

ChicagoOtherInformation TechnologySoftware

Description

Performant Capital, a Chicago-based private equity firm focused on investments in technology-driven companies, announced today that it has acquired Design Manager from 1stDibs (Nasdaq: DIBS), a leading marketplace for extraordinary design. Design Manager is a leading project management and accounting software company for the interior design industry.

Company Information

Company

Performant Capital

Location

Chicago, Illinois, United States

About

Performant Capital is a Chicago-based, lower middle market private equity firm focused on investments in technology-driven companies. Performant acquires businesses across SaaS, technology-enabled services, and data intelligence products and services. With over 50 years of collective investing and operating experience in these sectors, Performant’s principals seek opportunities where its depth of investing, operating expertise, and partner network can materially impact performance. More information about Performant Capital can be found at www.performantcapital.com.

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