Mesquite Technologies Inc. Acquires Ospreydata Inc. And Announces Entry Into Production Optimization Through Development Of Intelligent Control Product Offering
Nov 07, 2022•over 2 years ago
Acquiring Company
Mesquite Technologies
Acquired Company
OspreyData
Description
Mesquite Technologies Inc. and OspreyData Inc. have today announced that Mesquite Technologies has acquired OspreyData, an artificial lift production optimization software company. The acquisition complements the product offering from Mesquite Technologies, which is a leader in engineered artificial lift production equipment and service.
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