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Voyager Announces Agreement For Binance.Us To Acquire Its Assets

Dec 19, 2022•over 2 years ago

Acquiring Company

Voyager

Acquired Company

Assets

HoustonFinancial ServicesSoftware

Description

Voyager Digital Ltd. ("Voyager" or the "Company") (OTC Pink VYGVQ; FRA: UCD2) announced today that its operating company Voyager Digital LLC selected U.S. exchange BAM Trading Services Inc. (doing business as "Binance.US") as the highest and best bid for its assets after a review of strategic options with the core objective of maximizing the value returned to customers and other creditors on an expedited timeframe.

Company Information

Company

Voyager

Location

Houston, Texas, United States

About

The new funding comes on the back of unprecedented growth since the company raised $1.5 million in seed money two years ago. The firm seeks to invest in the software, SaaS, artificial intelligence, and e-commerce sectors in the United States.

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