Acquiring Company
Codex IT
Acquired Company
Professional Services
Description
Codex IT, a national leader in healthcare technology solutions and managed services, just announced the acquisition of EyeDeal Consulting, LLC, a professional services company based in St Cloud, Minnesota, which is just outside Minneapolis. Codex IT CEO, Wes Strickling, & EyeDeal Consulting owner, Chris Dean worked to bring the two organizations together.
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