Leading Blockchain Infrastructure Provider Quicknode Acquires Leading Nft Analytics Platform Icy.Tools
May 12, 2022•about 3 years ago
Acquiring Company
QuickNode
Acquired Company
icy.tools
Description
Today, QuickNode, the leading provider of managed blockchain infrastructure, is excited to announce its first acquisition: icy.tools, the leading NFT analytics platform and NFT API. Since the start of the NFT boom in 2021, icy.tools has provided consumers and investors with NFT analytics and market reporting to facilitate more technical analysis of NFT sales. They allow users to discover the latest trending projects being minted, transaction history and portfolio value, and alerting around the latest mints and wallets.
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