Mastek To Acquire Bizanalytica, Scaling Digital, Data Cloud And Generative Ai Capabilities With Expanded Global Footprint
Jul 19, 2023•almost 2 years ago
Acquiring Company
Mastek
Acquired Company
BizAnalyticaScaling DigitalData Cloud
Description
BizAnalytica, an industry-leading data cloud and modernization solutions provider, announced today that it has entered into a definitive agreement to be acquired by Mastek (NSE: MASTEK; BSE: 523704), a Turnkey & Trusted Digital Engineering & Cloud Transformation Partner. With this acquisition, BizAnalytica will scale new heights with global exposure in 40+ countries and access to an array of service portfolios with ~6000 diverse workforce committed to deliver business value for clients.
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