Key Transactions

 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. 

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. 

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.

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.