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Remitter Completes Acquisition Of Us Receivables Leader Mercantile Adjustment Bureau

Oct 28, 2021•about 4 years ago

Acquiring Company

REMITTER

Acquired Company

MERCANTILE

Artificial IntelligenceData And AnalyticsSoftwareFinancial ServicesInformation TechnologyFinancial ServicesSoftware

Description

Digital Bill payment platform Remitter has finalized its purchase of Mercantile Adjustment Bureau following a successful pre-IPO USD $12m cap raise led by Canaccord Genuity. The raise was also backed by Allium Capital and Casey Capital.

Company Information

Company

REMITTER

About

Remitter is a white-label communications platform which uses artificial intelligence to optimize customer engagement and enhance the recovery of accounts receivables. By analyzing behavioral heuristics to automate each customer's experience with branded messaging and payment options, Remitter increases customer recoveries by an estimated 280 percent.

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