Growthcurve Capital Acquires Netchex, A Leading Provider Of Cloud-Based Human Capital Management And Payroll Software Solutions
Jun 07, 2023•over 2 years ago
Acquiring Company
Signalit
Acquired Company
Netchex
MadridSaasAnalyticsSoftwareEmployee BenefitsHuman ResourcesSaasInformation TechnologySoftwareDescription
Netchex (“Netchex” or the “Company”), a leading provider of cloud-based human capital management and payroll software, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business from affiliates of Primus Capital (“Primus”). Terms of the transaction were not disclosed.
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