Technology acquisitions continue to underscore importance of customers
When it comes to technology, everything from software to mobile devices are quickly evolving. Customers want reliable products and fast service, which is why many companies are trying to find the best opportunities to provide that to them.
A technology acquisition can be the right answer for two companies that have similar values and complementary products. That way, any M&A activity can run much smoother, leading to technology mergers or acquisitions that are beneficial for all involved parties.
Such is the case with Jacobs Engineering Group, Inc., which announced this week that it had acquired Compass Technology Services, Inc. Jacobs provides technical, professional and construction services, and according to a company press release, this deal will strengthen its capabilities in wireless telecommunications infrastructure design and construction.
"Compass is excited to be joining Jacobs," Compass' CEO JC Massey said in the press release. "This acquisition takes advantage of our shared client base and increases our capabilities in the fast growing telecommunications marketplace. With Jacobs, we have access to a much wider resource base that enables us to enhance our services for clients as well as provide more opportunities for our employees."
Jacobs VP Kevin McMahon echoed Massey's sentiment, and said in a statement that Compass' employees and strong client relationships align with his company's relationship-based business model. McMahon added that the technology acquisition gives Jacobs a chance to diversity its services and have greater growth in its telecommunications offerings specifically.
Georgia-based Compass is one of the major providers of telecommunications services, mainly in the Southeastern part of the United States.