Acquiring Company
Bain Capital Private Equity
Acquired Company
Rocket Software
Description
Bain Capital Private Equity has signed a definitive agreement to acquire a majority stake in Rocket Software for approximately $2 billion. Rocket Software will continue to operate under its existing management led by CEO Andy Youniss. The transaction is expected to close in the fourth quarter of 2018, subject to regulatory approvals.
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