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Strava acquires cycling app The Breakaway

May 22, 20252 months ago

Acquiring Company

Strava

Acquired Company

The Breakaway

San FranciscoTruckeeSoftwareInformation Technology

Description

Strava has announced its acquisition of cycling training app The Breakaway, enhancing its offerings for cyclists. The acquisition aims to improve user experience by integrating features from The Breakaway into Strava's platform. CEO Mike Martin emphasized the importance of the cycling community for Strava. This move follows another recent acquisition of running training app Runna.

Company Information

Company

Strava

Location

San Francisco, California, United States

About

Strava is Swedish for “strive,” which epitomizes who we are and what we do. We’re a passionate and committed team, unified by our mission to connect athletes to what motivates them and help them find their personal best. And with billions of activity uploads from all over the world, we have a humbling and audacious vision: to be the record of the world’s athletic activities and the technology that makes every effort count.

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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