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Ascent Acquires European Data Engineering Powerhouse, Bild Analytics

Apr 04, 2022•over 3 years ago

Acquiring Company

Ascent ascent.io

Acquired Company

BiLD Analytics bildanalytics.ai

New YorkSoftwareData And AnalyticsInformation TechnologySoftware

Description

Ascent, a leading European digital services business, has announced the acquisition of data engineering (DE) and business intelligence (BI) services business BiLD Analytics. This latest acquisition is another milestone in Ascent’s ambitious growth strategy to create a powerful combination of advanced data capabilities, software and cloud skills to help customers build digital muscle.

Company Information

Company

Ascent ascent.io

Location

New York, New York, United States

About

Ascent Platform Corporation is a provider of financial portability solutions for banks and credit unions, based in NYC. The company offers a data platform that merges open banking sources with data to create a holistic view of customers and enables institutions to deliver banking experiences.

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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