Tesspay Announces Acquisition Of Create.If

Dec 06, 2022•over 2 years ago

Acquiring Company

TessPay

Acquired Company

Suite Studios

BoulderFintechFinancial ServicesInformation Technology

Description

TessPay, ("the Company"), owner of secure payments platform including Smart Contracts and Automated Payments, today announced that it has acquired Create.iF, a multi-disciplinary UK construction and property consultancy.

Company Information

Company

TessPay

About

TessPay operates a secure payments platform that combines Smart Contracts and Automated Payments to guarantee daily settlements for wholesale telecom carriers. The TessPay system offers liquidity that allows lender funding, payment assurance, fraud mitigation, and secure transparency throughout each step of every transaction. Smart Contracts create a much-needed automation in the processing of settlements for wholesale traffic between international carriers. This allows operators to spend time building their businesses and not chasing money.

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