Acquiring Company
Sprout Social
Acquired Company
NewsWhip
Description
Sprout Social has acquired NewsWhip, a Dublin-based news intelligence firm, for $55 million, with potential earnouts of up to $10 million. This acquisition enhances Sprout's AI-powered capabilities and aims to deepen its Listening business. NewsWhip's insights and technology are set to bolster Sprout's commitment to innovation and predictive intelligence in the digital space. CEO Paul Quigley will continue with Sprout Social as general manager of the Listening business.
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