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Investment And Asset Management Platform Odyssey Acquires Ferntech

Sep 17, 2021•almost 4 years ago

Acquiring Company

Odyssey

Acquired Company

Ferntech

New YorkInformation Technology

Description

US-headquartered Odyssey Energy Solutions, Inc is today announcing its acquisition of the German remote monitoring and control technology company, Ferntech GmbH.

Company Information

Company

Odyssey

Location

New York, New York, United States

About

Odyssey is a mission-driven company that helps families easily access state funding so that they can attend the school of their choice. We do this by partnering with state agencies to administer school choice programs, such as education savings accounts (ESAs), that enable parents to pay for approved educational expenses like school tuition, tutors, technology, software, and curriculum. At Odyssey, our technology powers programs that collectively support more than 115,000 students across the US receiving more than $225 million in state funding.

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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