Key Transactions

EPAM acquired the Argentina-based IT services company Vates, aiming to expand its reach in Latin America. 

In Canada, the Calian Group acquired IT infrastructure and cybersecurity services company Decisive Group for $54.4 million. This acquisition fortifies Calian's IT and cybersecurity services for diverse clients, further supporting its global growth initiatives.

Later in December, GlobalLogic, a Hitachi company, acquired Katzion Technology Solutions, an Australian-based IT services provider for businesses in the automotive sector.

In December, the Australian company GSTechnologies acquired the Singapore-based AI-driven cybersecurity integration firm Semnet for $1.8 million, reinforcing its cybersecurity capabilities and securing the Neobank ecosystem worldwide, in line with the company's dedication to fintech innovation.

In September, another identity and access specialist, Regatta Solutions, which focuses on SailPoint IAM software integration, was acquired by United Kingdom-based ProofID to expand its SailPoint practice into Europe. 

In Germany, identity and access management integration services specialist sastema was acquired by one of 2023’s top acquirers, Bechtle, adding to its security portfolio and enabling it to better serve its customers in the finance and insurance sectors. 

HCLTech acquired Germany's ASAP Holding, an automotive engineering company, for $276 million, bolstering its advanced technology capabilities within the rapidly expanding automotive engineering services sector. 

In August, Parsons Corporation acquired cyber and technology company Sealing Technologies for $175M to expand Parson’s customer base across the Department of Defense and Intelligence Community. 

Capital Appreciation acquired South African software engineering and development services provider Dariel Solutions for $4.7 million.

Indian company KFin Technologies acquired AI, machine learning and mobility solutions developer WebileApps for $1.3 million.