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Sellsy Acquires Rocketchart, And Strengthens Its All-In-One Cloud Crm Suite With A Leading Cash Management Solution

Mar 22, 2022•over 3 years ago

Acquiring Company

Sellsy

Acquired Company

RocketChart

ParisMobileSoftwareAdministrative ServicesSales And Marketing

Description

Sellsy, a leading French provider of all-in-one CRM and FMS (financial management system) software solutions for SMEs, today announces the acquisition of RocketChart, strengthening its existing offering with the addition of a powerful cash management solution.

Company Information

Company

Sellsy

Location

Paris, Texas, United States

About

Founded in 2009, Sellsy is a French SaaS software company that offers a fully-fledged CRM suite for SMEs, integrating marketing, sales, billing and payment tools. Its solution currently ~35,000 users in ~6,000 companies to save time, boost sales and simplify accounting. Sellsy is a digital platform designed to be used by the entire company, including marketing, sales and administrative teams. https://go.sellsy.com/

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