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Banneker Partners’ Portfolio Company Eyelit Technologies Acquires Optessa for Additional Efficiency and Scheduling Capabilities

Feb 22, 2024•over 1 year ago

Acquiring Company

Eyelit Technologies

Acquired Company

Optessa

TorontoEdmontonManufacturingInformation Technology

Description

Eyelit Technologies, a leader in Manufacturing Operations Management, has acquired Optessa to enhance its manufacturing optimization capabilities and address the critical need for closed-loop planning and execution across factory floors, including those in automotive, aerospace, medical device, and semiconductor manufacturing.

Company Information

Company

Eyelit Technologies

Location

Toronto, Ontario, Canada

About

For more than 20 years, Eyelit Technologies has enabled significant gains by many of the world’s most innovative and sophisticated manufacturers. Its Manufacturing Execution System (MES), Quality Management (QMS), Automation software platforms, and AI-based predictive analytics, have delivered speed-to-value though its highly configurable cloud-based MES. These capabilities are utilized across the globe, supporting the manufacturing of automobiles, battery technology, medical devices, semiconductors, and an increasing number of highly engineered products. With Banneker Partner’s investment and an enduring drive for category leadership, Eyelit Technologies has become the fastest-growing brand in the manufacturing technology space.

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