Awesome Motive Acquires Envira Gallery And Imagely Photography Suite To Help Photographers Boost Their Web Presence
Oct 05, 2023•almost 2 years ago
Acquiring Company
Awesome Motive
Acquired Company
Envira Gallery
Media And EntertainmentInternetE CommerceE Commerce
Description
Awesome Motive, a fast-growing software and media company with over 25 million websites using their software, today announced their acquisition of Envira Gallery and Imagely, a popular suite of photography software in the WordPress market.
M&A Insights
Based on deal dataIntegration 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