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Otto Completes Acquisition of Sightly, Uniting Innovative Forces in Eye Care Technology

Sep 13, 2024•about 1 year ago

Acquiring Company

Otto Optical Systems

Acquired Company

Sightly

TorontoBurlingtonHealth CareInformation TechnologySoftwareSoftware

Description

Otto Optical Systems Inc. has announced its acquisition of Sightly, an e-commerce platform specializing in the optical industry. This strategic move brings together two innovative forces in eye care technology, creating a unified platform aimed at driving growth, streamlining operations, and enhancing the overall patient experience for eye care clinics across North America.

Company Information

Company

Otto Optical Systems

Location

Toronto, Ontario, Canada

About

Otto Optical Systems Inc. is the leading provider of e-commerce and patient relationship management solutions for eye care professionals. Their platform empowers clinics by integrating automated product fulfillment, patient communication, and other advanced features to help clinics capture more sales and build stronger relationships with their patients.

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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