Acquiring Company
Apple
Acquired Company
TrueMeeting
Description
Apple has acquired the Israeli company TrueMeeting, specializing in 3D avatar technology. The deal, approved by the Israeli Competition Authority in January, strengthens Apple's capabilities in the 3D space. TrueMeeting allows users to create avatars by scanning their faces with smartphones. This acquisition is part of Apple's ongoing strategy to enhance its development initiatives in Israel.
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