BetterCloud completes acquisition of Tricent to enhance SaaS Lifecycle Management platform
Nov 13, 2024•8 months ago
Acquiring Company
BetterCloud
Acquired Company
Tricent
Description
BetterCloud, a leader in SaaS Lifecycle Management, has announced its acquisition of Tricent, a leading file sharing governance company. This strategic move further positions BetterCloud as the only unified solution for IT to manage the entire SaaS lifecycle, including user automation, spend optimization, and data file security.
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