Spotlite360 Iot Solutions, Inc. Closes Acquisition Of Reti Capital Corp. Including All Equity Of Digital Media Company ‘Back To The Digital’
Aug 26, 2022•over 3 years ago
Acquiring Company
SpotLite360 IOT Solutions
Acquired Company
Reti Capital
Supply Chain ManagementLogisticsAgriculture and Farming
Description
SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) is pleased to announce that it has acquired a 100% equity interest in Reti Capital Corp. (“RETI”) and in connection thereof, acquired a 100% equity interest in Back to the Digital, Inc. (“BTTD”) a Denver, Colorado based digital media company. BTTD is the parent of the very successful website www.ImFromDenver.com.
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