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Ccc Announces Acquisition Of Ringgold, Leading Provider Of Organization Identifiers In Scholarly Communications

May 03, 2022•over 3 years ago

Acquiring Company

CCC

Acquired Company

Ringgold

Financial ServicesProfessional ServicesSoftwareOtherInformation TechnologySoftware

Description

CCC, a leader in advancing copyright, accelerating knowledge, and powering innovation, has acquired Ringgold, a longstanding provider of persistent organization identifiers widely used by the scholarly communications community. With offices in the US and UK, Ringgold is now a wholly owned subsidiary of CCC. Terms of the deal were not disclosed.

Company Information

Company

CCC

About

CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS), is a leading SaaS platform for the multi-trillion-dollar P&C insurance economy powering operations for insurers, repairers, automakers, part suppliers, lenders, and more. CCC cloud technology connects more than 30,000 businesses digitizing mission-critical workflows, commerce, and customer experiences. A trusted leader in AI, IoT, customer experience, network and workflow management, CCC delivers innovations that keep people’s lives moving forward when it matters most. Learn more about CCC at www.cccis.com.

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