Paradox Acquires Traitify To Further Streamline Hourly Hiring With Fast, Simple, Next-Generation Assessments
Aug 23, 2021•about 4 years ago
Acquiring Company
Paradox
Acquired Company
Traitify
Description
Paradox, the conversational recruiting software helping global brands like Unilever and McDonald's simplify hiring through automation with a human touch, announced today the acquisition of Traitify — the world's fastest, mobile-first assessment platform. Terms of the deal were not disclosed.
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