As the global economy improves, more and more companies are looking to expand their businesses through mergers and acquisitions (M&A). In fact, according to a recent report from PwC, the value of M&A deals around the world increased by 16% in 2017 to $3.6 trillion.

However, while M&A can provide a great opportunity for growth, it can also be a complex and challenging process. One of the key areas that needs to be managed carefully during an M&A is technology. After all, two businesses will often have different systems and processes in place, which need to be integrated in order to create a single, cohesive operation.

So, what are the main ways that technology is impacted during an M&A?

Let’s take a look at six of the most important:

1. Systems need to be integrated

As we mentioned above, one of the biggest challenges when it comes to technology during an M&A is integrating the systems of the two businesses involved. This can be a complex and time-consuming process, as each business will likely have different systems in place for key functions such as accounting, human resources, and customer relationship management.

2. Employees need to be trained

Another key challenge is training employees on the new systems and processes that are being put in place. This is especially important for those who are going to be working in the newly merged company, as they will need to be familiar with all of the different technology platforms that are being used.

3. Data needs to be migrated

In most cases, when two companies merge, they will need to migrate their data to a single platform. This can be a complex and technical process, which needs to be carefully planned and executed in order to avoid any data loss or corruption.

4. Networks need to be merged

Another key area that needs to be considered is the merger of the two companies’ networks. This can be a complex process, as it involves ensuring that the two networks are compatible and then physically connecting them together.

5. Security needs to be tightened

When two companies merge, it’s important to review and tighten security procedures. This is because the merged company will now have access to a greater amount of sensitive data, which could be at risk if proper security measures are not in place.

6. Support needs to be provided

Finally, it’s important to make sure that adequate support is in place for the new technology platforms that are being used. This includes providing training for employees and setting up a help desk or other support structure in case any issues arise.

Technology can play a critical role in the success or failure of a merger or acquisition. By understanding the challenges and taking steps to address them, you can give your business the best chance of success.