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Evotek Acquires Avtech Integrations, Strengthening Focus On Communications Services

Jun 26, 2023•about 2 years ago

Acquiring Company

EVOTEK

Acquired Company

AVTECH Integrations

Description

EVOTEK - the premier enabler of digital business, today announced the acquisition of AVTECH Integrations. With this move, EVOTEK expands its Communications services portfolio. AVTECH Integrations specializes in technology that will simplify EVOTEK's clients' operations and allow them to maximize potential by implementing the right audio and video solutions. With most organizations facing the challenge of limited skilled resources and talent, EVOTEK will be able to support driving Communications initiatives while producing cost-saving results.

Company Information

Company

EVOTEK

About

EVOTEK is North America's premier enabler of secure digital business focused on innovation. With an integrated set of technical domains, including Platforms, Security, and Networks, EVOTEK provides a cohesive approach to digital initiatives while driving business impact. In addition to architecture and engineering, EVOTEK offers advisory services and strategic sourcing to help bridge the gap between IT and business, reducing functional silos and facilitating alignment. EVOTEK was named Inc. Magazine's "Best Places to Work" in 2018, 2020, 2022, and 2023. In addition, for seven consecutive years, EVOTEK was listed in The San Diego Business Journal's "Best Places to Work" and recognized in CRN's "Solution Provider 500" list, CRN's "Next-Generation 250" list, CRN's "Triple Crown" and highlighted as CRN's "Top 150 Growth Companies". Follow EVOTEK: LINKEDIN, FACEBOOK, and TWITTER Contact: Mike MayoEVOTEK(858) 362-5083361235@email4pr.com SOURCE EVOTEK

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

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