Digital Asset Management Company, Wedia Group, Acquires Tripnity, Creator Of The Saas Platform "Iconosquare"
May 24, 2022•over 3 years ago
Acquiring Company
Wedia Group
Acquired Company
Tripnity
Description
On April 29, 2022, International SaaS group, Wedia, announced the acquisition of Tripnity. The acquisition provides complementary expertise between the two companies, Wedia and Tripnity.
M&A Insights
Based on deal dataIntegration 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