Conversion Logix acquires Bend.ai to lead in predictive leasing innovation
Mar 27, 2024•over 1 year ago
Acquiring Company
Conversion Logix®
Acquired Company
Bend.ai
Description
Conversion Logix, a pioneering force in the marketing and technology space, has announced the strategic acquisition of Bend.ai. This acquisition sets a new course toward revolutionizing predictive leasing in the multifamily housing industry, combining advanced analytics, predictive modeling, and tailored marketing recommendations to address budgeting and forecasting challenges facing property management companies today.
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