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Virgo Group Announces Acquisition Of Arxnovum Investments To Incubate Crypto Investment Funds

May 05, 2023•over 2 years ago

Acquiring Company

Virgo Group

Acquired Company

Arxnovum Investments

CryptocurrencyBlockchainInformation TechnologyFinancial Services

Description

Virgo Global Holdings Inc., the holding company of VirgoCX Inc. and other companies (“Virgo Group”), is pleased to announce the acquisition of Toronto-based Canadian crypto asset management firm Arxnovum Investments Inc., pending regulatory approval.

Company Information

Company

Virgo Group

About

Virgo Group is dedicated to enabling massive adoption of crypto assets and blockchain technology on a global scale. Virgo Group offers multiple business lines, including regulated retail fiat-to-crypto trading and crypto over-the-counter (OTC) trading. With continuous innovation in mind, Virgo Group is poised to become an integrated global digital asset service provider. For information about Virgo Group, please visit: www.virgo.coFor information about VirgoCX, please visit: www.virgocx.ca

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