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Skillstorm Acquires Talent Path And Announces Strategic Investment From Achieve Partners

Apr 11, 2022•over 3 years ago

Acquiring Company

SkillStorm

Acquired Company

SkillStorm

Description

SkillStorm, a leader in technology talent development deploying specialized teams of custom trained U.S. tech talent to its Fortune 500 clients, announced it has acquired Talent Path, a Hire-Train-Deploy company backed by Achieve Partners. Simultaneously, Achieve is making a strategic investment in SkillStorm.

Company Information

Company

SkillStorm

About

Founded in 2002, SkillStorm was built on the mission of accelerating careers in high-demand technologies. We create Stormers, the world's most elite developers. We hire, train, and deploy Stormers from all backgrounds and experience levels in today's in-demand technologies such as AWS, Azure, Salesforce, PEGA, ServiceNow, and Appian. We are committed to hiring and training college graduates and veterans for high-growth technology careers with our Fortune 100 clients. Through these dedicated efforts, we provide our clients with an exclusive pipeline of high-quality, U.S.-based tech talent that is custom trained with the skills required to support our clients' critical technology initiatives. As a flexible technology workforce partner, we provide fully formed tech teams at any level of experience, skill sets, and clearance. Stormers are deployed either at our clients' sites or at our U.S.-based delivery centers.www.skillstorm.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