Rcg Global Services Acquires Woodridge Software To Expand Its Fintech Services Capabilities
Aug 02, 2023•about 2 years ago
Acquiring Company
Rcg Global Services
Acquired Company
Woodridge Software
ConsultingInformation Technology
Description
RCG Global Services, a global digital transformation services provider, announced the acquisition of Woodridge Software, a FinTech focused software development firm based in Colorado. Woodridge provides services to clients in a range of industries with strong specialization in financial services and has successfully delivered projects to banks and credit unions across the United States, Canada, and Europe. Woodridge has extensive partnerships with leading financial technology companies including Temenos, Alloy, Personetics, and MaxMyInterest.
FundzWatch™ Score
63
High M&A Activity
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