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. 

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. 

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.

Also in May, IBM acquired Japan-based cloud development company SkyArch Networks, enhancing IBM's AWS expertise and supporting cloud transformation efforts in Japan. 

In May, BCS acquired engineering and related IT services company Allegient Defense for $8.5M, creating a larger entity focused on energy and defense programs. 

Also in April, German engineering and vehicle development company in-tech was acquired by Indian global IT services provider Infosys, strengthening its engineering R&D capabilities and expanding its expertise in the German automotive industry. 

In April, Deloitte acquired all the assets of Gryphon Scientific Business, enhancing its biosafety, biosecurity, and AI-driven public health capabilities.

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. 

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. 

In May, Swedish private equity firm EQT acquired IT consulting services company Perficient for $2.7B.