Innovative Investor, Pivotal Group Acquires Assets To Launch One Of Country'S Largest Webcast Companies - Globalmeet
Apr 12, 2023•over 2 years ago
Acquiring Company
Pivotal Group
Acquired Company
Assets
Description
The renowned and resourceful Pivotal Group, a Phoenix-based multi-strategy investor and leader in technology, real estate and other business investments, just announced a major asset acquisition of the country's premier interactive webcast company, which will launch under the name GlobalMeet. The assets were previously a part of PGi, which was located in Atlanta.
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