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Verifyme Acquires Assets Of Logistics Management Company, Periship, Llc

Apr 25, 2022•over 3 years ago

Acquiring Company

VerifyMe, Inc.

Acquired Company

PeriShip

RochesterOtherSoftware

Description

VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, is pleased to announce that it has acquired the assets of PeriShip, LLC, a business specializing in logistics for time and temperature controlled shipping using proprietary predictive analytics software.

Company Information

Company

VerifyMe, Inc.

Location

75 S. CLINTON AVE.

Rochester, New York, United States

About

VerifyMe ™ are brand protection and customer engagement experts. We help customers address highly sophisticated counterfeiting and diversion challenges, achieve new levels of engagement to extend customer relationships, and gain high-definition business intelligence throughout the supply chain, to online and in-store purchases. To learn more, visit www.verifyme.com

FundzWatch™ Score

71
High M&A Activity

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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