Softserve Acquires Hoverstate

Jun 07, 2023•over 2 years ago

Acquiring Company

Softserve

Acquired Company

Hoverstate

ConsultingInformation TechnologySoftwareConsultingHealth Care

Description

SoftServe, a global IT consulting firm, today announced its acquisition of Hoverstate, a full-service digital agency specializing in mobile and web-based solutions. The acquisition positions both companies as a single software solution source for digital native organizations.

Company Information

Company

Softserve

About

SoftServe is a leading IT consulting company transforming and optimizing how enterprises and software companies do business. Our end-to-end approach assures innovation, quality, and speed across the healthcare, retail, energy, manufacturing, and financial services verticals. Visit our website, blog, LinkedIn, Facebook, and Twitter pages.

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

Softserve Acquires Hoverstate

Description

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M&A Insights

Company Information