Field Agent Acquires Simplifield, Bringing Together The Best Of Retail Auditing &Amp; Retail Performance Management
Oct 21, 2022•over 2 years ago
Acquiring Company
Field Agent
Acquired Company
SimpliField
Description
Field Agent, the longtime leader in location-specific, store-level audits, insights and product-trial solutions, today announced the acquisition of SimpliField, a mobile-first, distributed-workforce management platform based in Paris, France. The goal of the transaction is to bring brands, retailers, and restaurants the tools to win at in-store retail by identifying, analyzing, and improving retail operations.
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