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Turnberry Solutions completes acquisition of 1904labs to strengthen digital modernization and AI, data, and insights offerings

Aug 07, 2024•11 months ago

Acquiring Company

Turnberry Solutions

Acquired Company

1904labs

PhiladelphiaSt. LouisConsultingSoftware

Description

Turnberry Solutions has reached an agreement to acquire 1904labs, a cloud-based software and data solutions consulting firm. This acquisition deepens Turnberry’s digital modernization and AI, data, and insights offerings, expands its St. Louis presence, and enhances its capability to deliver superior value to clients across various industries.

Company Information

Company

Turnberry Solutions

Location

Philadelphia, Pennsylvania, United States

About

Turnberry Solutions is a business and technology consulting and implementation firm that believes brilliant strategy only matters when paired with excellent execution. Through a deep understanding of each client's challenges and opportunities, we deliver tailored solutions and premium talent for sustainable, meaningful, and fearless growth. With offerings in business excellence, digital design and build, platforms of innovation, and AI, data, and insights, we set the best teams, technologies, and solutions in motion. At Turnberry, we welcome challenges and embrace complexity so that you can shape the future and reach your biggest goals.

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

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