FreeWill Completes Acquisition of GrantAssistant to Revolutionize Grant Proposals
Oct 22, 2024•9 months ago
Acquiring Company
FreeWill Co.
Acquired Company
GrantAssistant
New YorkRestonInformation TechnologySaasArtificial IntelligenceSoftwareDescription
FreeWill, a social-good enterprise, has acquired GrantAssistant, a state-of-the-art, AI-based platform designed to revolutionize the grant proposal process for nonprofits and international development organizations. This acquisition is in line with FreeWill's vision to empower Americans to make charitable donations in tax-advantaged ways and streamline the grant proposal process for its customers.
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