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Verifyme Acquires Assets Of Digital Identity Brand Protection Company, Trust Codes Limited

Mar 02, 2023almost 3 years ago

Acquiring Company

VerifyMe, Inc.

Acquired Company

Trust Codes Limited

RochesterOther

Description

VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement services, announced today that it has acquired the assets of Trust Codes Limited, a New Zealand business specializing in unique item level codes for brand protection, data intelligence and consumer engagement technology with an expertise in the food and agriculture industry. This acquisition will strengthen VerifyMe's ability to deliver product traceability services to a global customer base.

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

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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