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Simba Chain Acquires Strongsalt To Bring Decentralized Privacy And Secure Storage To The Future Of Digital Assets

Feb 15, 2022•almost 4 years ago

Acquiring Company

SIMBA Chain, Inc.

Acquired Company

StrongSalt

PlymouthSoftwareSoftwareHardware

Description

SIMBA Chain, Inc., an Application Programming Interface (API) development platform that helps enterprise companies build technology on blockchain, has announced its acquisition of privacy and storage company, StrongSalt.

Company Information

Company

SIMBA Chain, Inc.

Location

510 W. ADAMS ST.

Plymouth, Wisconsin, United States

About

SIMBA Chain is the chain-agnostic Application Programming Interface (API) development platform providing pathways to Web3 for cloud-based Web2 companies. NFT platforms, enterprise organizations, governments, universities, and individual programmers can quickly develop and deploy Web 3 distributed applications (dApps) utilizing SIMBA’s simple, accessible, and flexible product and solutions suite. SIMBA was founded in 2017 through a DARPA grant awarded to the University of Notre Dame and ITAMCO, and has received multiple awards, including a 2020 U.S. Small Business Administration Tibbetts Award, TechPoint's 2019 Mira Award for New Product of the Year, and 1st Source Bank's 2019 Commercialization Award. SIMBA Chain’s eco-friendly, energy efficient platform supports Avalanche, Ethereum, Consensys Quorum, Binance Smart Chain, RSK, Stellar, Hyperledger, among other blockchain protocols. To learn more, visit simbachain.com.

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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