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CoreX completes acquisition of ITS Partners to strengthen ServiceNow expertise

Sep 25, 2024•10 months ago

Acquiring Company

CoreX

Acquired Company

ITS Partners

RadnorGrand RapidsInformation TechnologyConsultingIt ManagementInformation TechnologySoftware

Description

CoreX, a leading-edge ServiceNow consultancy, has entered into a definitive agreement to acquire ITS Partners, an Elite ServiceNow partner, to bolster its ServiceNow expertise and industry solutions. This strategic acquisition reinforces CoreX's position in the ServiceNow ecosystem and accelerates its path to becoming a market leader in the industry.

Company Information

Company

CoreX

Location

Radnor, Pennsylvania, United States

About

CoreX is a leading ServiceNow consultancy firm specializing in ERP modernization services. Led by ServiceNow ecosystem veterans, CoreX is committed to helping their customers unlock trapped value for Business Operations, Finance, Supply Chain, and Procurement teams through the latest ServiceNow innovations.

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

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