Praecipio Consulting Completes Acquisition Of 6Kites

Mar 09, 2022•over 3 years ago

Acquiring Company

Praecipio Consulting

Acquired Company

Praecipio Consulting

Austin

AustinIT Services and IT ConsultingIT Services and IT Consulting

Description

Praecipio Consulting, a leading IT services and business process management consulting firm, today announced that it has completed its acquisition of 6kites, a leading Atlassian partner with a deep expertise in custom software development and integrated technology solutions. Together, Praecipio Consulting and 6kites will work to deliver process excellence and value-driven outcomes to customers across the globe, enabling them to unlock the full potential of their Atlassian products and drive continuous innovation across a broader vertical market.

Company Information

Company

Praecipio Consulting

Location

Austin, Texas, United States

About

Through a combination of Atlassian, Enterprise Service Management, Software Development, DevOps and Agile capabilities, Praecipio delivers proven value that goes beyond product expertise. Our suite of enterprise solutions and the Atlassian platform creates a seamless connection between your people, process, and technology. Praecipio recently brought on Periscope Equity as a strategic partner to support its growth strategy focused on delivering value-driven solutions to enterprise customers across the globe.

Related People

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