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Spreetail enhances ecommerce offerings with strategic acquisition of Echo

Oct 02, 2024•10 months ago

Acquiring Company

Spreetail

Acquired Company

Echo

LincolnBengaluruLogisticsRetailE CommerceMachine LearningArtificial IntelligenceSoftware

Description

Spreetail, a leading global ecommerce company, has announced the acquisition of Echo, an AI-powered customer insights platform. This acquisition will enhance Spreetail's AI capabilities and offer its network of brands powerful tools to derive actionable insights from customer feedback, ultimately driving product sales.

Company Information

Company

Spreetail

Location

2125 Transformation Dr, Suite 2200

Lincoln, Nebraska, United States

About

Spreetail is the leading ecommerce marketplace accelerator for oversized products, providing a complete solution that helps brands and manufacturers grow their online businesses more profitably. As the first global ecommerce company specializing in big-&-bulky logistics and marketplace management, Spreetail maintains a robust presence on major online platforms, including a Top 10 Seller status on Amazon, Walmart, and Target. With a commitment to innovation, technology enablement, and exceptional customer service, Spreetail's seamless and efficient ecommerce solutions have driven success for businesses worldwide since its founding in 2006.

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

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