logo
logo

Smx Announces Acquisition Of Creoal Consulting

Oct 10, 2023•almost 2 years ago

Acquiring Company

SMX

Acquired Company

Creoal Consulting

Information TechnologySoftware

Description

SMX, a leader in next-generation mission support, digital transformation and IT solutions, today announced the acquisition of Creoal Consulting (Creoal), an innovative solution provider specializing in digital transformation solutions with a sharp focus on migrating Oracle enterprise applications to cloud-native Software-as-a-Service (SaaS) offerings, including Enterprise Resource Planning (ERP), Human Capital Management (HCM), Supply Chain Management (SCM) and Enterprise Performance Management (EPM).

Company Information

Company

SMX

About

SMX is a leader in next-generation mission support, digital transformation and IT solutions operating in close proximity to clients across the U.S. and around the globe. SMX delivers scalable and secure solutions combined with the mission expertise needed to accelerate outcomes for the Department of Defense, Intelligence Community, Public Sector, Fortune 1000 and other public and private sector clients. For more information on our solutions, please visit https://www.smxtech.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