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Accolite Digital Announces Acquisition Of Teamtek Consulting To Accelerate Growth In Emea & Apac

Nov 22, 2022•over 2 years ago

Acquiring Company

Accolite Digital

Acquired Company

TeamTek Consulting

Description

Accolite Digital, a leader in cloud and digital product engineering services, announced today that it has acquired TeamTek Consulting, a UK headquartered leader in digital services for the Banking and Financial Services sector. TeamTek will continue to serve as a strategic partner to enterprises focused on their Capital Markets digital transformation initiatives.

Company Information

Company

Accolite Digital

About

We believe in solving real-world complex digital challenges with an innovative design thinking approach. As a best-in-class digital transformation services provider, we work with Fortune 500 clients to simplify their digital journeys. Our people are the heart of our business. We are a growing team of world-class technologists, passionate about helping our clients solve their most pressing technology challenges. Driving customer success is one of our core values, and we leverage our expertise to guide our clients from vision to reality, enabling them to respond to disruptive technologies and stay ahead of the curve.

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