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Social Network Vero Acquires Regulated Stock Exchange

Jun 14, 2023•over 2 years ago

Acquiring Company

VERO

Acquired Company

Tokenise Stock Exchange

BrooklynProperty ManagementReal EstateGaming

Description

VERO, the ad-free social network with over 6.5 million registered members, announced its acquisition of the Tokenise Stock Exchange International Ltd, the world’s first regulated stock exchange for tokenised securities. Founded in 2018, Tokenise has developed technology and obtained licenses to fractionalise ownership of various asset classes within a regulated trading environment.

Company Information

Company

VERO

Location

116 West Houston Street

Brooklyn, New York, United States

About

Vero Technologies is a leading provider of wholesale financing solutions for dealers across auto, marine, powersports, agricultural equipment, among other verticals of manufactured goods. Vero partners with banks and specialty finance companies to enable its lending-as-a-service program for dealers of manufactured goods. Its innovative platform offers real-time inventory and financial analytics, advanced risk management capabilities, and streamlined operational processes.

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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