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April 6, 2021 - by Synoptek
Given how uncertain the business landscape has become, mergers and acquisitions are commonplace today. PwC’s 26th Annual Global CEO Survey states that despite 73% of corporate leaders expressing pessimism about global economic growth, 60% have no plans to postpone deals in 2023, demonstrating their willingness to navigate potential economic challenges and volatility through strategic mergers and acquisitions. Not only do M&As enable access to a wider customer base, open doors to new products or assets, and pave the way for greater market share, they also allow for diversification of products at high speed and low costs.
But successful mergers are not just about two companies and their employees coming together; for a merger to really work, thorough planning and precision are needed in integrating the different IT elements that both organizations rely on to carry out their business.
Having a well-thought-of IT checklist (or even a standardized list of steps) in place ensures accurate prioritization of activities while making sure all tasks are done correctly on time and within budget, which can be further streamlined and optimized with the support of professional M&A Consulting Services. Here’s your complete IT checklist for a successful merger and acquisition:
To ensure both businesses are on the same page:
To carry out a comprehensive and thorough review of technology systems:
To establish transparency, transferability, and termination clauses:
To ensure seamless and accurate data integration and migration:
To ensure IT systems are carefully and successfully integrated:
To understand how networks will be combined or merged:
To ensure messaging continues to be an integral part of today’s collaborative workforce:
To ensure the M&A results in the highest level of security:
Identify all costs associated with IT integration including:
Despite how popular M&As have become, poor planning often causes deals to fail. To ensure success, adequate planning, and due diligence needs to start at the beginning of the deal, and best practices, IT checklists, and integration plans must be established before the deal closes. Having a robust IT checklist in place, guided by expert M&A Consulting Services, can not only bring two or more companies together but also maximize synergies and the value they deliver as one entity.
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