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AbsenceSoft partners with Luminate Capital Partners

Sep 17, 2024•12 months ago

Acquiring Company

AbsenceSoft

Acquired Company

Luminate Capital Partners

San FranciscoAngel InvestmentVenture CapitalFinanceFinancial ServicesSoftware

Description

AbsenceSoft has partnered with Luminate Capital Partners for a strategic acquisition.

Company Information

Company

AbsenceSoft

About

Leave management system and accommodation automation with a human touch for Enterprises seeking compliance with Ever-Changing Leave Laws. Customizable, Innovative Absence Management Software.

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