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Gorilla Technology Group Completes Asset Acquisition Of Seequestor

Jan 18, 2023over 2 years ago

Acquiring Company

Gorilla Technology Group

Acquired Company

SeeQuestor Limited

AntwerpSecurityArtificial IntelligenceInformation TechnologyNetwork SecurityCyber SecurityMachine LearningArtificial Intelligence

Description

Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI based edge video analytics, IoT technologies, and cybersecurity, today announced it has completed the acquisition of the tech stack of SeeQuestor Limited (“SeeQuestor”), a global provider of video analytics technology.

Company Information

Company

Gorilla Technology Group

Location

Antwerp, Flemish Region, Belgium

About

Gorilla, headquartered in Taipei, Taiwan, is a global solution provider in security intelligence, network intelligence, business intelligence and IoT technology. Gorilla develops a wide range of solutions including Smart Cities, Smart Retail, Enterprise Security, and Smart Media. In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies and private enterprises with network surveillance and cyber security. Gorilla places an emphasis on offering leading technology, expert service, and precise delivery, and ensuring top-of-the-line, intelligent and strong edge AI solutions that enable clients to improve operational performance and efficiency. With continuous core technology development, Gorilla will deliver edge AI solutions to managed service providers, distributors, system integrators, and hardware manufacturers. Gorilla-Technology.com

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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