Verifyme Acquires Assets Of Logistics Management Company, Periship, Llc
Apr 25, 2022•about 3 years ago
Acquiring Company
VerifyMe, Inc.
Acquired Company
PeriShip
RochesterOtherSoftwareDescription
VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, is pleased to announce that it has acquired the assets of PeriShip, LLC, a business specializing in logistics for time and temperature controlled shipping using proprietary predictive analytics software.
M&A Insights
Based on deal dataIntegration 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