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Ascent Technologies Acquires Horizon Scanning Solution Provider, Waymark

Feb 08, 2024•over 1 year ago

Acquiring Company

Ascent

Acquired Company

Waymark

ChicagoLondonSoftware DevelopmentSoftware Development

Description

Ascent Technologies has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. This strategic move creates a comprehensive solution for horizon scanning and obligations management, establishing a new benchmark for managing regulatory risk. The integration reinforces Ascent's commitment to driving growth, fostering innovation, and expanding its service offering.

Company Information

Company

Ascent

Location

Chicago, Illinois, United States

About

Ascent Technologies is a leading provider of regulatory technology solutions, empowering financial institutions to stay ahead of changing compliance requirements. With a focus on innovation and efficiency, Ascent Technologies delivers cutting-edge solutions that transform the way organizations approach regulatory compliance.

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