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Quinyx Acquires Leading Task Management And Employee Engagement Platform Concrete, Accelerating Its Journey To Disrupt The Workforce Management Space.

Apr 12, 2022•about 3 years ago

Acquiring Company

Quinyx

Acquired Company

Employee Engagement

Data And AnalyticsInformation TechnologySoftwareMobileSoftware

Description

Quinyx, a world leader in Workforce Management technology, announced today that it had completed the acquisition of Concrete, a leading employee engagement, store operations, and task management platform. Calvin Klein, Bath & Body Works, Victoria’s Secret, Tory Burch, and Superdry are among many global retailers Concrete already serves.

Company Information

Company

Quinyx

About

Quinyx is a leading workforce management software providing technology that simplifies scheduling, time reporting, communication, task management, budgeting, and forecasting. Quinyx helps organizations worldwide remain compliant, improve efficiency, reduce labor costs, and engage employees through advanced and flexible features. Today, Quinyx helps some of the world’s biggest businesses save time and money, boost productivity and enjoy work. Quinyx has offices in the U.S, U.K, Australia, Sweden, Finland, Germany, Norway, Denmark, and the Netherlands. Clients include McDonald’s, Domino’s, Oatly, Well Pharmacy, Maersk, Sysco, Virgin Atlantic, Palace Entertainment, IHG, Rituals, Swarovski, Odeon Cinemas Group, and DHL. Quinyx is backed by leading SaaS investors Alfvén & Didrikson, Battery Ventures and Zobito.

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