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Astira Capital Partners completes acquisition of ConData Global to strengthen technology-driven services portfolio

Jul 23, 2024•about 1 year ago

Acquiring Company

Astira Capital Partners

Acquired Company

ConData Global

BostonOak BrookAngel InvestmentVenture CapitalFinanceLogisticsTransportation

Description

Astira Capital Partners, a Boston-based private equity firm, has announced the acquisition of ConData Global, a leading provider of freight post-audit and transportation spend management solutions. Astira’s investment will support ongoing technology development and human capital investments at ConData, enabling the company to deliver deeper data-driven insights to its clients and manage complex workflows effectively.

Company Information

Company

Astira Capital Partners

Location

Boston, Massachusetts, United States

About

Astira Capital Partners is a Boston-based private equity firm founded in 2023 by Azra Kanji and investing out of a $675 million Fund 1. Astira partners with like-minded founders and management teams to scale leading middle-market technology and data-driven services business. Astira’s collaborative approach to partnership supports value creation through investments in human capital and technology, and by implementing best-in-class operational practices across the organization with particular focus on sales & marketing and data science.

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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