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1Worldsync Acquires Powerreviews, A Leader In Consumer-Generated Ratings And Reviews, To Help Brands And Retailers Fuel Sales Online

Aug 22, 2023•about 2 years ago

Acquiring Company

1WorldSync

Acquired Company

PowerReviews

ChicagoConsultingSoftware

Description

1WorldSync®, the Chicago-based technology company providing the world's leading brands and retailers with critical product information to help consumers make purchasing decisions, has acquired PowerReviews, a leading SaaS provider of user-generated ratings, reviews and other content. Terms of the transaction were not disclosed.

Company Information

Company

1WorldSync

Location

Chicago, Illinois, United States

About

1WorldSync™ is the leader in Product Content Orchestration, helping brands and retailers simplify the creation and distribution of accurate, consistent, and impactful content across every channel where commerce happens. Powering 87% of the world’s leading brands and retailers, 1WorldSync provides access to the most current and complete product information globally, enabling customers to reduce time to market by up to 75%, boost conversions by 32%, and cut errors by 68%. The company is owned by Battery Ventures, a global technology-focused investment firm.

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