Demand Science Acquires Airborne App, Inc. To Further Enhance Its Global B2B Intelligence Platform
Jul 20, 2021•almost 4 years ago
Acquiring Company
DemandScience
Acquired Company
Snowball Wealth
Description
Demand Science, a global revenue intelligence platform that drives growth for hundreds of the world's largest software, technology, and B2B services companies, today announced the acquisition of Airborne App, Inc. Founded by Lee Gladish and Michael Morckos, Airborne is a Toronto-based sales engagement and enablement software platform. The acquisition is Demand Science’s sixth since August 2020, and further enhances its global B2B data and intelligence solutions for sales and marketing professionals.
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