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CLO Virtual Fashion acquires swatchbook for growth

Jul 01, 202515 days ago

Acquiring Company

CLO Virtual Fashion

Acquired Company

swatchbook

IrvineFashionE CommerceSoftwareInformation Technology

Description

CLO Virtual Fashion has acquired swatchbook, enhancing its leadership in digital fabric solutions. This acquisition will integrate swatchbook's extensive fabric library into CLO's platforms. The move aims to create significant value for users and clients, driving innovation in the fashion industry. The integration will see swatchbook's team merge with CLO's Materials division.

Company Information

Company

CLO Virtual Fashion

About

Evolved from the word "clothing", CLO Virtual Fashion has been transforming and innovating the way people communicate and consume fashion since its launch in 2009. With more than 15 years of research and development in garment simulation, the company is leading the market by digitally merging, consolidating, and converging all components related to digital garments through its state of the art 3D Cloth Simulation Algorithm. From 3D garment design software, digital asset management and design development collaborative platform, to consumer facing services such as virtual fitting on e-commerce, all of CLO Virtual Fashion's products and services are interconnected to provide clients and users with a more consolidated experience.

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