Cornerstone Advisors completes acquisition of Maple Street to expand vendor management services
Mar 05, 2024•over 1 year ago
Acquiring Company
Cornerstone Advisors
Acquired Company
Maple Street
Description
Cornerstone Advisors, a leading management and technology consultancy for banks, credit unions, and fintech firms, has completed the acquisition of Maple Street. This deal expands Cornerstone's offerings with enterprise-wide vendor management services, allowing them to further assist financial institutions in reducing vendor expenses, improving vendor performance, and managing risk.
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