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Axon Announces Acquisition Of Virtual Reality Training Studio 'Foundry 45'

Apr 06, 2022•over 3 years ago

Acquiring Company

Axon

Acquired Company

Virtual Reality Training Studio

Description

Axon (Nasdaq: AXON), the global leader in connected public safety technologies, today announced the acquisition of Foundry 45, an industry-leading virtual reality (VR) studio focused on developing immersive training modules for large enterprises. The acquisition, which closed on April 5, 2022, will integrate Foundry 45 into the Axon VR team.

Company Information

Company

Axon

About

The Axon Network connects people, devices, and apps to protect life in all regards. From our TASER smart weapons, to police body cameras, to our industry-leading cloud-based evidence management software, we are the world’s premier public safety company and are committed to delivering safe, secure solutions for law enforcement, militaries, and citizens alike. We are Axon.

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