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Managed It Service Provider Xobee Networks Acquires Palm Springs Tech Company
PRIVATENov 08, 2022•over 3 years ago
Acquiring Company
Xobee Networks
Acquired Company
Palm Springs Tech
FresnoInformation TechnologyConsultinginformation technology & servicesDescription
Xobee Networks, the premier Managed IT Support tech experts across California, is today announcing the acquisition of Interconnect Networks — a pioneer in technology solutions based in Palm Springs, California. Interconnect has been an oasis of trustworthy, fast, and affordable technology for clients within the Sonoran Desert for many years, and now is a cornerstone member of the Xobee Networks family of brands.
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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