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Nft Tech Acquires Sherwa To Further Expand Into P2E Gaming

Jun 30, 2022•about 3 years ago

Acquiring Company

NFT Tech

Acquired Company

Sherwa

Professional ServicesInternet ServicesSoftware

Description

NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (the “Company” or "NFT Tech"), a leading technology company working to mainstream decentralized ownership, NFTs and the metaverse for public markets, announced today its proposed acquisition (the “Transaction”) of Sherwa Online Services (“Sherwa”), a private company responsible for the development of the Sherwa gaming platform (“Sherwa Platform”).

Company Information

Company

NFT Tech

About

NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from P2E and M2E games, and bring insights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs, and the metaverse. Current projects include founding the GOAT Guild and Fuku.

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