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Webspec acquires Covenant Design to enhance its expertise in Drupal development

Apr 23, 2024•about 1 year ago

Acquiring Company

Webspec

Acquired Company

Covenant Design

Des MoinesDes MoinesDigital MarketingAdvertisingSoftwareWeb DesignSoftware

Description

Webspec, an award-winning digital agency, has acquired Covenant Design, a Drupal development firm and agency with a national client base. This acquisition strengthens Webspec's expertise in Drupal development and expands its capability to offer digital marketing and SEO services to clients. With both companies headquartered in Des Moines, Iowa, this acquisition solidifies Webspec's position to continue serving its national client base.

Company Information

Company

Webspec

Location

Des Moines, Iowa, United States

About

Webspec is an industry-leading team of designers, web and software developers, project managers, and digital marketing experts based in Des Moines, Iowa. We hire the best and brightest to develop creative web design solutions and deliver businesses unparalleled results. With over 20 years and thousands of web design and development projects, we are proud of our reputation for service and quality. Along with custom web design and development, Webspec also specializes in software development, digital marketing, and search engine optimization (SEO).

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