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Recurrent Ventures Acquires Futurism From Singularity University

Jul 26, 2021•over 4 years ago

Acquiring Company

Recurrent Ventures

Acquired Company

Futurism, LLC

Brooklyn

Description

Recurrent Ventures has acquired Futurism, the popular emergent technology and science news site, Recurrent CEO Lance Johnson announced today.

Company Information

Company

Recurrent Ventures

About

Recurrent is an innovative digital media company that empowers brands to grow, and connects consumers with media in a way that is enjoyable, sustainable, inspiring, and profitable—while maintaining editorial integrity. Its best-in-class brands like Popular Science, Domino, MEL, Outdoor Life, The Drive, Field & Stream, SAVEUR, and Task & Purpose engage a combined audience of more than 45 million monthly unique visitors. Initially founded in 2018 with the acquisition of The Drive, the portfolio rapidly expanded under the ownership and backing of North Equity LLC to include more than 15 digital media brands across automotive, home, outdoors, specialty, and military verticals. Recurrent is headquartered in Miami, with offices in New York and San Francisco, and a virtual-first workforce across the United States. SOURCE Recurrent Ventures

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