Workgenius Group, A Freelance Technology Company, Acquires Us Based Agency Worx, A Staffing Company
Jan 09, 2023•almost 3 years ago
Acquiring Company
WorkGenius
Acquired Company
Agency WorX
Description
The WorkGenius Group is pleased to announce the acquisition of Agency WorX, a staffing firm based in New York.
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