IBM acquired Accelalpha

Submitted by dariat on

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. 

KKR acquired Fujisoft

Submitted by dariat on

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. 

EQT acquired Keywords Studios

Submitted by dariat on

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. 

Endava acquired GalaxE

Submitted by dariat on

In February, British software development company Endava made a significant move, acquiring American IT and consulting services firm GalaxE for $375 million. This acquisition of GalaxE by Endava is poised to amplify Endava's North American footprint, enrich its expertise in the US healthcare market, establish delivery operations in India, and fortify platform capabilities for digital transformation.