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Wellable Acquires Fitness Streaming Platform Sweat Factor

Sep 27, 2022about 3 years ago

Acquiring Company

Wellable

Acquired Company

Sweat Factor

BostonHealth Care

Description

Wellable, an award-winning employee wellness technology and services provider, acquires Sweat Factor, a leading fitness streaming platform.

Company Information

Company

Wellable

Location

Boston, Massachusetts, United States

About

Wellable is dedicated to helping organizations establish successful employee wellness programs that align with company culture, values, and business goals. Wellable delivers customizable, highly-engaging, employee wellness programs for employers to drive a culture of wellness, improve employee productivity, satisfaction, and retention. Wellable's wellness technology platform combines popular fitness trackers, mobile fitness apps, web tools, health content, and traditional wellness services, such as fitness classes, webinars, health coaching, to deliver robust, highly effective wellness programs. The Wellable platform makes it easy for employees to track their healthy behavior, earn rewards, and compete in fun and friendly competitions.

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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