logo
logo

Aluminum Announces Acquisition Of Trueability, Inc.

Jul 20, 2023almost 2 years ago

Acquiring Company

Aluminum

Acquired Company

TrueAbility

LogisticsSaasHuman ResourcesEnterprise SoftwareInformation TechnologySoftware

Description

Aluminum, Inc., a private equity firm specializing in B2B software-as-a-service (SAAS) companies announces the acquisition of TrueAbility, Inc., a pioneering performance-based skill assessment platform.

Company Information

Company

Aluminum

About

Aluminum acquires and operates mid-stage technology companies, with a particular emphasis on B2B SaaS solutions. Aluminum provides its portfolio companies with deep operational expertise in all aspects of the business to scale to the next level.

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