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Tipranks Ltd. Acquires The Fly In First Major Fintech M&A Deal Of 2023

Jan 04, 2023•almost 3 years ago

Acquiring Company

TipRanks

Acquired Company

The Fly

Tel AvivLendingFintechFinanceFinancial Services

Description

TipRanks Ltd. announced today it has agreed to acquire New Jersey-based The Fly, a leading digital publisher of real-time financial news.

Company Information

Company

TipRanks

Location

Tel Aviv, Tel-Aviv District, Israel

About

TipRanks is a financial accountability platform that ranks financial advice to assess its accuracy. TipRanks aggregates, measures, and ranks digitally published stock recommendations by analysts.

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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