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Sushi Acquires Sei'S Vortex

Feb 23, 2023over 2 years ago

Acquiring Company

Sushi

Acquired Company

Vortex

Description

via NewMediaWire -- Sei, a Cosmos-based Layer 1 blockchain purpose-built to give traders an unfair advantage, today announced that Vortex protocol has been acquired by Sushi, and will launch as a new decentralized perpetuals exchange with fully on-chain order matching on Sei’s mainnet, which will launch in Q2.

Company Information

Company

Sushi

About

Sushi is building a decentralized, comprehensive DeFi ecosystem complete with AMM, cross-chain capabilities, NFT artist platform and more. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!

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