Acquiring Company
Devsinc
Acquired Company
Cloud-1
Description
Devsinc has announced its strategic acquisition of Cloud-1, enhancing its capabilities in Salesforce solutions. This move aims to position Devsinc as a leading enterprise IT partner in the growing CRM market. The acquisition follows Devsinc's previous acquisition of Alchemative Group and aligns with its goal to capture significant market share. Cloud-1's deep expertise in the Salesforce ecosystem will complement Devsinc’s offerings in AI and cloud infrastructure.
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