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Vault-Firsthand Acquires Leading Virtual Event Platform Careereco

Jul 05, 2022over 3 years ago

Acquiring Company

Firsthand

Acquired Company

CareerEco

New YorkInformation Technology

Description

Vault-Firsthand today announced the acquisition of CareerEco, the pioneers in the virtual events market. Having hosted career fairs, admission events, and customer corporate engagements for more than a decade, CareerEco offers a scalable, secure self-service platform that can be integrated into long-term hybrid recruiting efforts across national and international markets. As a first-mover in the virtual recruiting space, CareerEco wrote the playbook on leveraging technology to extend candidate access. Remaining a trusted and preferred platform for universities and employers to experience authentic and personal conversations, CareerEco provides access for students, alumni, and career seekers to accelerate their professional goals.

Company Information

Company

Firsthand

Location

New York, New York, United States

About

Firsthand has built the first AI-powered Brand Agent platform, transforming the way marketers and publishers engage consumers through their own AI agents, anywhere online. Operating across both owned properties and paid media, Brand Agents make a company’s expertise accessible in real time, dynamically adapting to consumers’ interests and guiding them toward the information they need to take action. Core to the Firsthand Brand Agent Platform™ is Lakebed™, Firsthand’s AI-first data and knowledge rights management system that ensures companies retain full ownership and control of their expertise.

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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