Zurich Holding Company Of America Acquires Cyber Counterintelligence Firm Speartip
Aug 14, 2023•over 2 years ago
Acquiring Company
Zurich North America
Acquired Company
SpearTip
Description
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services. This acquisition expands the cyber risk mitigation services available from Zurich Resilience Solutions, a global division of Zurich's Commercial Insurance Business, to support customers' growing needs for comprehensive cyber risk management support amidst a challenging risk landscape.
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