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Spectrio Acquires Ping Hd

May 26, 2022•about 3 years ago

Acquiring Company

Spectrio

Acquired Company

Spectrio

Description

Spectrio, one of the nation’s leading providers of comprehensive digital signage solutions, announced that it has acquired Ping HD, a digital signage company based in Denver, Colo. This is the Company’s first acquisition in 2022, and it adds more than 35,000 screens to Spectrio’s digital signage footprint.

Company Information

Company

Spectrio

About

Spectrio is a leading provider of comprehensive digital signage solutions that empower clients to transform their business locations into modern, dynamic destinations for customers and employees. Headquartered in Tampa, Fla., and founded in 2002, Spectrio serves over 150,000 franchise and enterprise locations in multiple industries, including quick-service restaurants, automotive, healthcare, and financial services. With supporting offerings geared towards Overhead Music, On-Hold Messaging, WiFi Marketing, and more, Spectrio offers businesses a complete customer engagement solution at scale. For more information, visit www.Spectrio.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