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Storable Acquires Callpotential, Adding 5 New Products To Its Self-Storage Software Suite

Aug 15, 2023•over 2 years ago

Acquiring Company

Storable

Acquired Company

CallPotential

information technology & services

Description

Storable, the leading provider of technology solutions for the self-storage industry, is pleased to announce its agreement to acquire CallPotential, a prominent provider of tenant engagement and performance management solutions for self-storage operators. This strategic acquisition further strengthens Storable's commitment to delivering innovative and comprehensive solutions that empower self-storage operators to streamline their operations and enhance the tenant experience.

Company Information

Company

Storable

Location

11000 N Mopac Expy

About

Storable is a technology company based in Austin, Texas, that specializes in integrated software solutions for self-storage, marine, RV, and camping operators. With additional offices in several countries, Storable serves over 33,000 storage unit facilities and employs around 615 people. The company provides an end-to-end platform that includes management software, online marketplaces, access control systems, custom websites, integrated insurance offerings, and payment processing solutions. Storable's mission is to empower business owners and operators to maximize efficiency and achieve lasting success, regardless of their business size. Their technology is designed to streamline operations, enhance tenant experiences, and boost revenue by managing the entire tenant lifecycle effectively. Storable is backed by EQT, a global investment firm, which supports its growth and focus on product innovation and sustainability.

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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