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Tango, Leading Provider Of Cloud-Based Real Estate And Facilities Management Software, Acquires Watchwire

Aug 09, 2023•over 2 years ago

Acquiring Company

Tango

Acquired Company

WatchWire

DallasInformation TechnologySoftwareReal EstateEnergySoftware

Description

Tango, a leading provider of cloud-based real estate and facilities management software, today announced it has acquired WatchWire, an industry leader in data and analytics that helps companies reduce emissions and energy expenses while simplifying sustainability and carbon reporting. The transaction further extends Tango’s position as a global leader in the real estate and facilities management space, enabling companies to meet their energy management and sustainability goals. WatchWire’s leadership team will join Tango to continue developing and progressing these key capabilities. Financial terms of the private transaction were not disclosed.

Company Information

Company

Tango

Location

Dallas, Texas, United States

About

Tango is the leader in Store Lifecycle Management and Integrated Workplace Management System software, delivering a single solution spanning real estate, energy and sustainability management, design & construction, lease administration & accounting, facilities, desk booking, visitor management and space management. We have worked with hundreds of leading brands, and bring that knowledge and those best practices to Store Lifecycle Management and Integrated Workplace Management System Solutions. Our cloud-based SaaS and mobile solution is used across more than 140 countries by companies with a few dozen locations to large global brands with more than 40,000 locations.

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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