Roomready Acquires St. Louis-Based Integrator Wired Technologies

Jan 20, 2022•over 3 years ago

Acquiring Company

RoomReady

Acquired Company

Integrator

Financial ServicesData And AnalyticsSoftware

Description

Meeting room technology provider RoomReady announced today it has acquired Wired Technologies, Inc., a St. Louis-based commercial electronic systems integrator. With more than 70 years of expertise providing communication technology for clients across the Greater St. Louis area, Wired Technologies brings a wealth of knowledgeable and experienced technicians into the RoomReady family.

Company Information

Company

RoomReady

About

At RoomReady, our goal is to help you check meeting tech complexity at the door. Our innovations allow you to launch a meeting and connect colleagues across the room or around the world with a single touch. And our rapid-install teams ensure you get all of this in days, not weeks. The end result? Greater productivity, reduced costs, and a consistent user experience. If your rooms cause more frustration than collaboration, go with the team that’s committed to continually improving the meeting experience – one room at a time. RoomReady: We innovate. You collaborate. For more information, visit https://roomready.com/.

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