Acquiring Company
Tyler Technologies
Acquired Company
VendEngine
Description
Tyler Technologies, Inc. (NYSE: TYL) and VendEngine, Inc. jointly announced today that Tyler has completed the previously announced acquisition of VendEngine, a privately-held cloud-based software provider focused on financial technology for the corrections market.
M&A Insights
Based on deal dataIntegration 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