Suppose a new software company, XYZ Inc., has announced plans to acquire a smaller competitor, ABC Corp., for $500 million. XYZ Inc. is known for its innovative products and strong customer base in the tech industry. The acquisition is expected to expand XYZ Inc.'s market share and strengthen its presence in the market. ABC Corp. specializes in cloud computing services and has a loyal customer following. If the deal goes through, ABC Corp. shareholders will receive a combination of cash and XYZ Inc. stock as part of the acquisition deal.
Can we infer that "XYZ Inc. is a well-established company in the tech industry."?