Acquiring Company
CQL
Acquired Company
Riess Group
Description
CQL has announced its acquisition of Riess Group, combining their expertise to become a leading agency for unified commerce. This strategic move aims to enhance customer experiences across digital and physical touchpoints. With the merger, CQL solidifies its position in the Shopify agency space. Mike Riess will join CQL as VP of Unified Commerce.
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