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Staytuned Acquires Evey, A Shopify App That Allows Merchants To Sell

Jul 11, 2022•over 3 years ago

Acquiring Company

StayTuned

Acquired Company

Evey

Software

Description

Staytuned acquires Evey, the leading app that lets you sell events tickets directly from your Shopify store while also giving you an extensive backend to manage everything.

Company Information

Company

StayTuned

About

Staytuned builds, acquires, and grows Shopify apps that enable ecommerce merchants to grow their business faster and more efficiently. We support our apps with scalable and reliable technology and processes and serve our merchants with empathy, humanity, and respect. Today, over 16,000 stores are using one or more of our apps to accelerate their business.

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