Yudiz Solutions acquires majority stake in ABCM App to enter fintech sector
Sep 12, 2024•10 months ago
Acquiring Company
Yudiz Solutions
Acquired Company
ABCM App Pvt. Ltd
AhmedabadMumbaiCryptocurrencyBlockchainArtificial IntelligenceFinancial ServicesInformation TechnologyBlockchainFintechFinancial ServicesDescription
Yudiz Solutions Limited has acquired a 51.01% stake in ABCM App Pvt. Ltd., a fintech firm specializing in digital payment solutions. This strategic expansion marks Yudiz’s entry into the rapidly growing fintech sector, positioning it as a key player at the intersection of fintech, gaming, blockchain, and AI. The acquisition aims to enhance Yudiz’s service offerings by leveraging its expertise in blockchain and artificial intelligence to revolutionize financial services, driving growth in India’s dynamic fintech ecosystem.
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