Constellation Software’S Perseus Group Completes Acquisition Of Winklevoss Technologies
May 16, 2023•about 2 years ago
Acquiring Company
Perseus Group
Acquired Company
Winklevoss Technologies
MarkhamSoftwareDescription
Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today that it has, through its Perseus Group (“Perseus”), completed the purchase of Winklevoss Technologies, LLC (“WinTech”), a market leading provider of defined benefit pension plan valuation and administration software.
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