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Sma Technologies Acquires Visualcron

Nov 29, 2022over 2 years ago

Acquiring Company

SMA Technologies

Acquired Company

VisualCron

HoustonFintechFinancial ServicesInformation Technology

Description

SMA Technologies ("SMA"), a leading provider of automation solutions for financial services, today announced the acquisition of VisualCron, an automation, integration and task scheduling tool for Windows environments. The terms of the transaction were not disclosed.

Company Information

Company

SMA Technologies

Location

Fannin St

Houston, Texas, United States

About

SMA Technologies is the maker of OpCon, the leading workload automation and orchestration platform for banks, credit unions, and other financial services businesses. The platform delivers enterprise power and scalability without the complexity or cost. OpCon enables companies to easily automate manual tasks and seamlessly orchestrate workloads across business-critical operations, saving time and reducing cost by eliminating human error and deploying IT resources on strategic initiatives. More than 700 financial institutions trust SMA with their mission-critical operations.

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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