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Kasada Acquires Iconic Cape Grace Hotel In Cape Town, South Africa

Mar 24, 2022•over 3 years ago

Acquiring Company

Ten Eleven Ventures

Acquired Company

Cape Grace Hotel

New YorkPrivacy And SecurityData And Analytics

Description

Funds advised by Kasada Capital Management (“Kasada”) today announced the acquisition of the 120-key Cape Grace hotel in Cape Town, South Africa.

Company Information

Company

Ten Eleven Ventures

Location

New York, United States

About

Kasada is the most effective and easiest way to defend against advanced persistent bot attacks across web, mobile, and API channels. With Kasada, trust in the Internet is restored by foiling even the stealthiest cyber threats, from credential abuse to data scraping. The solution invisibly stops automated threats while inflicting financial damage to attackers, destroying their ROI. With the ability to onboard in minutes, Kasada ensures immediate and long-lasting protection while empowering enterprises with optimal online activity. Kasada is based in New York and Sydney, with offices in Melbourne, San Francisco, and London. For more information, please visit www.kasada.io and follow on Twitter, LinkedIn, and Facebook.

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