Smartbear Acquires Pactflow Delivering First Key Milestone In Defining Next Generation Api Development Platform
Apr 05, 2022•over 3 years ago
Acquiring Company
SmartBear
Acquired Company
Pactflow
Description
SmartBear, a leading provider of software development and quality tools, announced today that it is entering into a definitive agreement with DiUS, an Australian technology consultancy, to acquire the leading global contract testing collaboration platform, Pactflow, advancing their next-generation API development platform.
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