Acquiring Company
LineLeap
Acquired Company
BuzzPass
Description
LineLeap has acquired BuzzPass to accelerate its growth and enhance service capabilities in the nightlife sector. This strategic move aims to expand LineLeap's presence in existing and new markets. BuzzPass's team, including its founders, will join LineLeap, facilitating a seamless transition for users and venues. The acquisition is expected to foster faster product innovation and provide increased value to venue partners.
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