logo
logo

Canarys Automations acquires 51% of Fortira Inc.

Apr 22, 2025•3 months ago

Acquiring Company

Canarys

Acquired Company

Fortira

BengaluruPrincetonSoftwareSoftware

Description

Canarys Automations Limited has successfully acquired a 51% stake in Fortira Inc., marking a significant milestone in its North American expansion. The deal, valued at USD 5 million, aims to enhance Canarys' capabilities in AI and ML. Canarys plans to acquire the remaining 49% stake over the next three years. This acquisition is aligned with Canarys' vision to be a leading global technology solutions provider.

Company Information

Company

Canarys

Location

Bengaluru, Karnataka, India

About

Canarys is a leading IT solutions provider with over 30 years of existence in the industry. Our expertise lies in enabling digital transformation for businesses through our comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence. With a team of 500+ technology solutions professionals, we are committed to delivering innovative and tailored solutions to meet our client needs.

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

Related People

Sheshadri hidden

hidden
hidden

Rajesh hidden

hidden
hidden