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Cognosos announces acquisition of Cox Prosight to enhance real-time location intelligence solutions

Oct 24, 2024•9 months ago

Acquiring Company

Cognosos

Acquired Company

Cox Prosight

AtlantaAtlantaInformation TechnologyInformation Technology

Description

Cognosos has announced its acquisition of Cox Prosight, an award-winning, real-time location service (RTLS) platform designed for hospitals. This strategic move aims to combine Cognosos’ AI-native location technology with Cox Prosight’s software platform, providing hospitals with a cutting-edge real-time location services (RTLS) solution to address critical operational challenges.

Company Information

Company

Cognosos

Location

1100 Spring St NW

Atlanta, Georgia, United States

About

Cognosos utilizes the power of AI/ML to transform tracking data into operational intelligence, redefining the value of location solutions. Cognosos is able to quickly deploy with an ultra-lightweight footprint that excels in complex environments, producing a hard-dollar ROI within months through a subscription based service model. We help customers hit their goals, whether that’s reducing costs, increasing velocity, or improving staff safety. Join the leading brands in healthcare, automotive, logistics, and manufacturing who see results with Cognosos.

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

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