logo
logo

Fatbrain Acquires Prime Source, Accelerating Ai Solutions Delivery To The Global Community Of Growth Businesses

Jun 28, 2022about 3 years ago

Acquiring Company

FatBrain

Acquired Company

Source

LenexaTelecommunications

Description

FatBrain AI (LZG International Inc.; OTC: LZGI), the leader in artificial intelligence (AI) solutions empowering global growth businesses, has acquired Prime Source, the largest independent IT software developer in Kazakhstan and fifth-largest in Central Asia, delivering proven outcomes to enterprises worldwide since 2007.

Company Information

Company

FatBrain

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