Headsup Completes Corporate Milestone In Acquisition Of Spinola Gaming
Aug 16, 2022•almost 3 years ago
Acquiring Company
HeadsUp
Acquired Company
Spinola Gaming
Description
HeadsUp Entertainment International Inc. (OTCPINK: HDUP) has now completed a major milestone in the acquisition of Spinola Gaming, a leading Global Lottery software provider.
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