Despite the market turmoil caused by the COVID-19 pandemic, 2020 proved that mergers and acquisitions (M&A) are an essential part of business. Even in a challenging year, M&A deals in Q3 2020 reached a total of $896.3 billion; a 32% increase from Q3 2019. M&A activity is expected to increase again during 2021.
Consolidation through M&A is spurred by a number of factors, from stimulating growth to gaining a competitive advantage, but creating cost synergies is always a core part of any M&A plan. IT integration plays a big role in reducing costs, and companies often focus on integrating systems as quickly as possible. This can cause significant errors throughout the consolidation process, particularly when it comes to security.