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The Rising Cost of IT Integration in M&A: Why Deal Makers Need Integration Process Experts Now More Than Ever
The world is undergoing a digital transformation, and the COVID-19 pandemic has only accelerated the pace of this transformation. Global spending on digital transformation has already reached $1.5 trillion in 2021, and this number is set to grow significantly in the coming years.
As companies look to stay competitive and take advantage of emerging technologies, 2023 seems to be the sweet spot for M&A deals for companies with well-thought-out strategies. However, while M&A can be a powerful tool for unlocking value and driving growth, it also comes with significant risks and challenges, particularly when it comes to integrating IT systems.
As the spending and efforts in digital transformation increase, the cost and time to merge IT systems after M&A will become more expensive and take longer. This is because companies’ IT systems are becoming increasingly complex, with a growing number of applications and platforms that need to be integrated seamlessly.
In this context, dealmakers and companies need to keep in mind the importance of effective IT integration in M&A. They need to hire integration process experts who can help them navigate the complex IT landscape and ensure that the integration is seamless, efficient, and cost-effective.
These experts bring to the table a wealth of experience and expertise in dealing with complex IT integrations. They can work with companies to develop a customized integration plan that takes into account the unique challenges and risks associated with the deal. They can also provide ongoing support and guidance throughout the integration process to ensure that everything runs smoothly.
As global spending on digital transformation continues to grow, dealmakers and companies need to keep in mind the importance of effective IT integration in M&A. They need to hire integration process experts who can help them navigate the complex IT landscape and ensure that the integration is seamless, efficient, and cost-effective. Doing so will not only help unlock the full potential of M&A but also drive long-term value and growth for the organization.