Communify, in Partnership with Stellex Capital, Acquires Fincentric (Formerly Markit On Demand) from S&P Global
Aug 15, 2024•about 1 year ago
Acquiring Company
Communify Fincentric
Acquired Company
Communify Fincentric
Description
Communify, in partnership with Stellex Capital Management, has acquired Fincentric (formerly known as Markit On Demand) from S&P Global. The acquisition integrates Fincentric with Communify's existing client communication, automation, and management business for the global wealth and asset management industries to form Communify Fincentric, representing a significant leap forward in financial technology.
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