Key Transactions

Agilitas Private Equity acquired TietoEVRY’s Tech Services

Announced: March 2025 Deal Value: $249M

In March, Agilitas Private Equity acquired TietoEVRY’s Tech Services unit for $248.8 million. The carve-out creates a strong Nordic IT services platform focused on AI, cloud infrastructure and security. 

Agilitas Private Equity acquired TietoEVRY’s Tech Services Agilitas Private Equity acquired TietoEVRY’s Tech Services

Proact IT Group acquired BlakYaks

Announced: March 2025 Deal Value: $20M

Proact IT Group boosted its Azure consulting capabilities with the $20.7 million acquisition of UK-based BlakYaks at a 2.9x sales multiple. The deal supports Proact’s European growth strategy in cloud automation and DevOps. 

Proact IT Group acquired BlakYaks Proact IT Group acquired BlakYaks

ASGN Incorporated acquired TopBloc

Announced: February 2025 Deal Value: $340M

In February, ASGN acquired TopBloc for $340 million to expand its digital transformation offerings. TopBloc is a Workday consulting partner focused on cloud-based HCM and financial management, enhancing ASGN’s enterprise SaaS capabilities. 

ASGN Incorporated acquired TopBloc ASGN Incorporated acquired TopBloc

H.I.G. Capital acquired Quisitive Technology Solutions

Announced: January 2025 Deal Value: $117M

In January, H.I.G. Capital acquired Quisitive for $117 million at a 1.2x revenue multiple. Quisitive provides Microsoft-focused cloud, AI, and cybersecurity services, making it an attractive platform investment in enterprise digital transformation. 

H.I.G. Capital acquired Quisitive Technology Solutions H.I.G. Capital acquired Quisitive Technology Solutions

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

Mega Deals

Mainline Information Systems acquired Converge Technology Solutions

Announced: February 2025 Deal Value: $793M

In February, Mainline Information Systems acquired IT servics provider Converge Technology Solutions for $793 million, expanding its U.S. presence and enhancing its cloud, AI and cybersecurity services. 

Mainline Information Systems acquired Converge Technology Solutions Mainline Information Systems acquired Converge Technology Solutions

nVent Electric acquired Avail Infrastructure Solutions

Announced: March 2025 Deal Value: $975M

In March, nVent Electric acquired the electrical products group business of Avail Infrastructure Solutions for $975 million at a 2.6x revenue multiple. The business manufactures custom electrical systems—including enclosures, switchgear and bus systems—for utilities, datacenters, OEMs, and EPCs across North America. The acquisition enhances nVent’s industrial electrification and infrastructure capabilities. 

nVent Electric acquired Avail Infrastructure Solutions nVent Electric acquired Avail Infrastructure Solutions

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

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.