Acquiring Company
VIIRL Marketing
Acquired Company
Phoenix Online Advertising
Description
VIIRL Marketing has acquired the Yelp Division from Phoenix Online Advertising, enhancing its lead generation capabilities. This move is part of VIIRL's strategy to strengthen its presence in the home services sector. The acquisition follows VIIRL's recent accolades as Yelp Marketing Partner of the Year. Phoenix Online Advertising will refocus on its core services after this transition.
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