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Saksoft Acquires Solveda

Aug 14, 2023about 2 years ago

Acquiring Company

Saksoft Group

Acquired Company

Solveda

AnalyticsE CommerceSoftware

Description

Saksoft Limited announced that its wholly owned subsidiaries, have completed the acquisition of Solveda Group headquartered in New York with centres in London, Gurgaon and Noida. (https://www.solveda.com/ ).

Company Information

Company

Saksoft Group

About

Saksoft Group (www.saksoft.com) specialises in Enterprise Applications, Augmented Analytics, Intelligent Automation and Enterprise Cloud. The group is headquartered in Chennai, India and has 16 offices across USA, Europe, and Asia employing over 2000 employees. Logo: https://mma.prnewswire.com/media/1747041/Saksoft_Logo.jpg SOURCE Saksoft Limited

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