Acquiring Company
zvoove
Acquired Company
tutum
Description
zvoove has acquired tutum's digital personnel file product segment for temporary staffing agencies. This acquisition enhances zvoove's portfolio with the new zvoove DMS+ solution. The move is expected to improve administrative processes and support the digitalization strategy in the staffing industry.
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