Servify Acquires 247Around, An At-Home Service Platform Specialising In Connecting Consumers With Oems’ Service Network
Feb 22, 2022•over 3 years ago
Acquiring Company
Servify
Acquired Company
Service Network
Description
Servify, a Mumbai based startup that works with multiple OEMs globally as their partner in delivering superior product ownership experience, announces the acquisition of 247around, a unique service platform in India, that specialises in at-home service of home appliances, consumer electronics & white goods. This acquisition will further strengthen Servify’s service fulfilment network beyond smart products and help its expansion into new product categories.
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