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Mitratech Acquires Spend Management Leader, Quovant

Jan 19, 2022•over 3 years ago

Acquiring Company

Mitratech

Acquired Company

Coupa

San MateoProfessional ServicesData And AnalyticsSoftwareEnterprise SoftwareSaasSoftware

Description

Mitratech, the leading provider of legal and compliance software, is pleased to announce that it has acquired Quovant, a premier solution for spend management, advanced analytics, and legal bill review.

Company Information

Company

Mitratech

About

Mitratech is a proven global technology partner for corporate legal, risk & compliance, and HR professionals seeking to maximize productivity, control expense, and mitigate risk by deepening operational alignment, increasing visibility, and spurring collaboration across their organization. That helps them rise to the challenge of serving the evolving needs of the modern, dynamic enterprise. SOURCE Mitratech Holdings Inc

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