In Q1 2025, disclosed deal values in the IT Services sector totaled $3.6 billion compared to $2.1 billion in Q1 2024, marking a significant increase in disclosed deal values. Only 13% of transactions disclosed their financial terms in Q1 2025 as buyers preferred to keep their M&A strategies private. The growth in disclosed deal value, combined with a solid volume of transactions, underscores the continued strong interest in the IT Services sector, with a focus on long-term digital transformation and innovation. 

In Q1 2025, the IT Services sector saw 347 deals, reflecting a strong start to the year as dealmaking volumes were on pace to exceed the 10-year high achieved in 2023. This represents a notable increase compared to Q1 2024, which had 240 deals. Private Equity firms were involved in approximately 24% of the deals in Q1 2025, while strategic buyers accounted for 76%. The growth in deal volume, coupled with a balanced participation from both strategic and financial acquirers, signals a continued robust interest in the sector.