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Zenbusiness Announces The Acquisition Of Ureeka

Sep 30, 2022•almost 3 years ago

Acquiring Company

ZenBusiness Inc.

Acquired Company

Ureeka, Inc.

AustinHillsboroughFinancial ServicesCommerce And Shopping

Description

ZenBusiness, the only one-stop guided platform to help entrepreneurs launch, run, and grow a successful business, today announced the acquisition of Ureeka, a growth-engine platform designed to help small businesses attract new customers. As ZenBusiness continues to grow and add to its suite of best-in-class offerings, the addition of the Ureeka platform will help ZenBusiness’s many customers grow into more successful businesses.

Company Information

Company

ZenBusiness Inc.

Location

5511 Parkcrest Dr., Ste. 103

Austin, Texas, United States

About

ZenBusiness, a Public Benefit Corporation, is the only one-stop guided platform tailored for the entrepreneur’s journey to launch, run, and grow a successful business. Empowering the new generation of entrepreneurs, ZenBusiness provides innovative tools, fintech, and world-class educational resources to support millions of small businesses on their journey to success -- all at an affordable and clear price. By giving entrepreneurs what they need -- worry-free services, frontline support, and an all-inclusive platform -- ZenBusiness makes taking the leap towards building a better life as easy as possible, allowing business owners to achieve a state of Zen. Founded in 2017, ZenBusiness is based in Austin, Texas. Visit www.ZenBusiness.com and follow @zenbusinessinc for more information.

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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