Key Transactions

Iron Mountain acquired Wisetek Solutions

Announced: November 2024 Deal Value: $51B

 In November, Iron Mountain expanded its capabilities in IT asset disposition and data lifecycle management by acquiring Wisetek Solutions for nearly $51 million. Wisetek specializes in IT audit services, data destruction, recycling and global remarketing, providing businesses with sustainable IT solutions. This acquisition aligns with Iron Mountain's focus on environmental responsibility and bolsters its position in the global records and disaster recovery services market. 

Iron Mountain acquired Wisetek Solutions Iron Mountain acquired Wisetek Solutions

EPAM Systems acquired First Derivative

Announced: October 2024 Deal Value: $301M

EPAM Systems strengthened its consulting and digital transformation capabilities by acquiring First Derivative for $301 million at a 1.4x revenue multiple. First Derivative provides IT engineering, cybersecurity, financial crime consulting and system implementation services for the capital markets industry. This acquisition reinforces EPAM’s global footprint and its expertise in high-demand areas such as systems integration and application engineering. 

EPAM Systems acquired First Derivative EPAM Systems acquired First Derivative

Xerox Holdings acquired ITsavvy

Announced: October 2024 Deal Value: $400M

In October, Xerox Holdings made a strategic move by acquiring ITsavvy for $400 million. ITsavvy, a US-based value-added reseller, specializes in IT hardware, software, managed IT and security services, network integration and professional services. This acquisition aligns with Xerox’s ongoing transformation into a leader in digital imaging systems and IT solutions, enhancing its service portfolio to better address enterprise needs.

Xerox Holdings acquired ITsavvy Xerox Holdings acquired ITsavvy

IBM acquired Accelalpha

Announced: September 2024

In September, IBM acquired Oracle-focused IT consulting and systems integration company Accelalpha, enhancing IBM’s Oracle consulting capabilities and accelerating the adoption of Oracle Cloud Applications for its clients. 

IBM acquired Accelalpha IBM acquired Accelalpha

KBR acquired LinQuest

Announced: July 2024 Deal Value: $745M

Also in July, KBR acquired space systems design and software development provider LinQuest for $745 million, strengthening KBR’s technical capabilities in national security and expanding its defense-related services for US government clients. 

KBR acquired LinQuest KBR acquired LinQuest

Gamma Communications acquired BrightCloud Group

Announced: July 2024 Deal Value: $11.6M

In July, Gamma Communications acquired BrightCloud Group for $11.6 million at 1.7x revenue, expanding its service offerings in contact center integration and customer experience solutions as a Cisco partner.

Gamma Communications acquired BrightCloud Group Gamma Communications acquired BrightCloud Group

Mega Deals

Sophos acquired SecureWorks

Announced: October 2024 Deal Value: $866M ​

In October, cybersecurity leader Sophos acquired SecureWorks for $866 million at a 2.4x revenue multiple. SecureWorks provides managed threat detection, endpoint and network security and consulting services, catering to industries such as finance, education and government. This deal underscores the growing demand for robust cybersecurity solutions. 

Sophos acquired SecureWorks Sophos acquired SecureWorks

World Wide Technology acquired Softchoice Corporation

Announced: December 2024 Deal Value: $1B

In December, World Wide Technology acquired Softchoice Corporation for just over $1 billion at a 1.6x revenue multiple. Softchoice, a provider of IT and cloud services, specializes in software asset management, cloud migration, systems integration and AI consulting. This acquisition strengthens World Wide Technology's position in IT and digital transformation services. 

World Wide Technology acquired Softchoice Corporation World Wide Technology acquired Softchoice Corporation

KKR acquired Fujisoft

Announced: August 2024 Deal Value: $3.8B

In August, KKR acquired Fujisoft, a systems integration services company based in Japan, for $3.8B. The deal was executed at a 2x revenue multiple, further emphasizing the global expansion of IT services firms. 

KKR acquired Fujisoft KKR acquired Fujisoft

EQT acquired Keywords Studios

Announced: July 2024 Deal Value: $2.6B

Through September 2024, the IT Services sector witnessed two notable megadeals: In July, EQT acquired Keywords Studios, a leading provider of outsourced video game testing and quality control services, for $2.6B. The transaction value was based on a 3.2x revenue multiple, marking a significant move in the gaming services space. 

EQT acquired Keywords Studios EQT acquired Keywords Studios

Growth and Exit Consulting

If you are aiming to learn about the key deals and valuations for data seurity companies, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.