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Intelligence
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Workgenius Group, A Freelance Technology Company, Acquires Us Based Agency Worx, A Staffing Company

Jan 09, 2023almost 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.

Company Information

Company

WorkGenius

About

The most efficient technology for working with freelancers: Find, manage, and pay freelancers through a single platform | Freelance Workforce Solution

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