Nextcar Completes Acquisition Of Autonomy Brand And Intellectual Property Brand Library
Nov 25, 2021•over 3 years ago
Acquiring Company
NextCar Holding Company
Acquired Company
Autonomy Brand
Transportation
Description
NextCar / NXCR (NextCar Holding Company), the fintech and insurtech vehicle subscription platform founded by auto retail, auto finance, and insurtech entrepreneurs Scott Painter and Georg Bauer, today announced it has completed the acquisition of the Autonomy brand and IP brand library from Micro Focus.
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