Acquiring Company
Eastern DataComm
Acquired Company
Symbrant Technologies
Description
Eastern DataComm has acquired Symbrant Technologies to expand its service offerings. This strategic acquisition enhances Eastern DataComm's customer relationships in the New York education sector. The integration aims to provide innovative solutions while strengthening their presence in the Northeast. Eastern DataComm welcomes Symbrant's customers and employees to their family.
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