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BetterCloud completes acquisition of Tricent to enhance SaaS Lifecycle Management platform

Nov 13, 20248 months ago

Acquiring Company

BetterCloud

Acquired Company

Tricent

New YorkCopenhagenProfessional ServicesData And AnalyticsInformation TechnologyFile SharingSoftware

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.

Company Information

Company

BetterCloud

Location

New York, New York, United States

About

BetterCloud is the platform for harnessing the power of SaaS, transforming IT from cost center to value creator by managing the entire SaaS lifecycle. Only BetterCloud unifies SaaS spend optimization, user automation, and data governance in an integrated platform. With 90+ pre-built integrations, including Google, Microsoft 365, Zoom, and more, IT is empowered to drive strategic business impact. Trusted by thousands of customers and over 2 million users, BetterCloud provides unique insight into $35B+ in annual SaaS transactions.

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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