Friday, June 13, 2008

IT is Critical Success Factor in Mergers & Acquisitions

June 11 - Despite their ongoing popularity, many mergers and acquisitions still fail to meet projected benefits. Enterprise software rigidity is often a major reason for disappointing post-merger results. This is completely unnecessary, according to Agresso, the ERP market's definition of agility.

The global buyout frenzy reached an unprecedented peak in 2007 as the total deal value topped at U.S. $4.83 trillion globally, an increase of 27% from 2006 when the previous record was set (source: Dealogic). Despite that, the success rate of those buyouts remains alarming. For example, a 2007 study from Hay Group revealed that over 90% of European corporate mergers and acquisitions fall short of their objectives. Read More.

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