Key Transactions

Canada-based Mazooma Technical Services was acquired by Nuvei Corporation for $56M and expands on Nuvei’s portfolio of alternative payment methods with a leading ACH platform.

In April, provider of customer life-cycle management Deluxe acquired First American Payment Systems. By adding First American, Deluxe anticipates cross-selling into new verticals, including government, non-profits and retail. 

One Equity Partners completed the sale of INTREN to MasTec, for $420M. MasTec expands its electrical distribution operations footprint with this acquisition. 

In May, French payment service provider Worldline acquired Greece-based Cardlink Electronic Transaction Network Management & Operation. The acquisition will expand Worldline’s Merchant Services business in the promising Greek market with unique access to the leading local payment acceptance network. 

And finally, Tyto Athene acquired AT&T’s defense sector-focused IT professional services business. AT&T and Tyto have also entered into agreements for opportunities in the DoD IT professional services market. 

In March 2021 Wipro also acquired Australian cybersecurity, DevOps, and IT engineering services company Ampion Holdings for $117M to increase scale and market agility.

Tech giant Accenture announced the acquisition of Oakland-based management consulting services firm Future State, for $45M.

Happiest Minds Technologies acquired US-based Pimcore Global Services for $8.25 million. The acquisition will help create greater digital capital for customers and facilitate onboarding more customer logos of strategic consequence.

Luxembourg-based Globant acquired Spanish cloud and digital transformation services company Grupo Assa for $62M to broaden its expertise in Life Sciences, CPG, Manufacturing and Logistics. With this acquisition, Globant broadens its expertise in Life Sciences, CPG, Manufacturing and Logistics.

GlobalSCAPE was picked up by HelpSystems to augment its data security business, valuing the company at about $178M, 5.4 times revenue. Globalscape's cloud-based and on-premise solutions that help organizations secure movement, automation, and integration of data both in and out of the cloud would augment HelpSystems' data security business.