Zayo Group Announces Definitive Agreement To Acquire Education Networks Of America (Ena)
Mar 03, 2022•almost 4 years ago
Acquiring Company
Zayo Group Holdings
Acquired Company
Education Networks of America (ENA)
Madhya PradeshTelecommunicationsSoftwareInternet ServicesInformation TechnologyHardwareDescription
Zayo Group, a leading global provider of fiber-based communications solutions, today announced it has entered into a definitive agreement to acquire Nashville-based Education Networks of America (ENA), a market-leader in providing managed network connectivity and security services to E-Rate-funded school districts and other public sector customers. Previous investor ZMC, a leading private equity firm focused on technology, media and communications investments, will exit its position as part of this transaction.
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