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Sovra acquires Ontopical for government tech expansion

Aug 19, 2025•8 days ago

Acquiring Company

Sovra

Acquired Company

Ontopical

LathamCalgarySoftwareSaasInformation TechnologyAnalytics

Description

Sovra has acquired Calgary-based software startup Ontopical to enhance its government tech offerings. The acquisition will enable Sovra to leverage Ontopical's AI capabilities for improved procurement insights. Ontopical CEO Clayton Feick joins Sovra as president of Sovra Supplier following the deal. This acquisition aligns with Sovra's strategic focus on the public sector.

Company Information

Company

Sovra

Location

Latham, New York, United States

About

SOVRA is committed to revolutionizing public procurement with innovative solutions and deep sector expertise. Supporting over 7,000 government agencies across North America, providing tools and insights to optimize procurement processes and strengthen communities. Our dedication to transparency, efficiency, and strategic analysis ensures that public procurement achieves its full potential. Join us on our journey to transform public procurement.

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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