Acquiring Company
Core Financial Software
Acquired Company
Finastra
Description
Core Financial Software has announced the acquisition of the assets of Servicing Director and EZTeller from Finastra. This acquisition aims to enhance operational efficiency and customer experience in financial services applications. With a strong leadership team, Core Financial Software plans to invest in product development to meet evolving customer needs. Financial details of the deal were not disclosed.
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