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Novation Holdings, Inc. Acquires Craftclouds - Nft Creation Platform And Marketplace

Feb 01, 2022over 3 years ago

Acquiring Company

Novation Holdings

Acquired Company

CraftClouds

Commerce And ShoppingOtherSoftware

Description

Novation Holdings, Inc. (OTCPINK: NOHO) ("Novation" or the "Company"), a multi strategy holding company focused on identifying, developing, acquiring and bringing to market technologies and solutions to the marketplace is pleased to announce that it has entered into a Share Exchange Agreement to acquire 100% of all the outstanding membership interests in CraftClouds, LLC ("CraftClouds") in exchange for shares of the Company's common stock.

Company Information

Company

Novation Holdings

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