Like TMG Health, Inc.

closed 8/28/2017 via PR Newswire

Cognizant Technology Solutions, acquired TMG Health, Inc.

synopsis: Cognizant announced it has completed its acquisition of TMG Health, a leading national provider of business process services to the Medicare Advantage, Medicare Part D and Managed Medicaid markets in the United States, supporting 32 health plans and more than 4.4 million members in all 50 states.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. "
target parent: Health Care Service Corporation
target: TMG Health, Inc.
TMG Health, with offices in Pennsylvania and Texas, is a leading national provider of business process services to the Medicare Advantage, Medicare Part D and Managed Medicaid markets in the U.S., supporting 32 client plans and more than 4.3 million members in all 50 states.
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closed 1/27/2021 via PR Newswire

Cody Consulting Group, Inc., acquired Madena, Ltd.

synopsis: CODY, a Tampa, Florida-based healthcare technology and consulting firm, has acquired Madena, a recognized consulting and software leader with an emphasis on enrollment, billing and reconciliation that is best known for its enrollment and reconciliation software, Synchronicity™.
buyer: Cody Consulting Group, Inc.
CODY is a Tampa, Florida-based healthcare technology and consulting firm. CODY® works with more than 60 government-funded, commercial and Affordable Care Act (ACA) health plans to help improve regulatory compliance, manage plan benefit data, and streamline member and provider communications. "
target: Madena, Ltd.
Founded in 2012, Madena offers a comprehensive suite of proprietary software, business process outsourcing and consulting services to help Medicare Advantage and Prescription Drug plans enhance revenue and support the enrollment and reconciliation process.
price ($mm)
$7.30
rev ($mm)
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closed 6/27/2018 via PR Web

United Claim Solutions, acquired Zebu Compliance Solutions

synopsis: United Claim Solutions (UCS), a Great Point Partners II portfolio company, has acquired Portsmouth, Ohio-based Zebu Compliance Solutions (Zebu), a software enabled business, providing payment integrity and ongoing credentialing solutions to payors, clearinghouses, and provider organizations across the United States.
buyer parent: Great Point Partners
buyer: United Claim Solutions
United Claim Solutions (UCS) is an innovative payment integrity solutions company providing cutting edge and customizable solutions for TPAs, self-insured groups, labor and trust organizations, stop-loss carriers and health plans. "
target: Zebu Compliance Solutions
Zebu Compliance Solutions improves medical coding efficiency, reimbursement assurance, auditing toolsets, claim accuracy, and staff licensing/exclusion monitoring. Their clients reduce labor costs, increase revenue, and maintain audit-readiness.
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announced 4/2/2014 via Reuters

iHealth Technologies will be merged with Connolly, Inc.,

synopsis: Buyout firm Advent International Corp's insurance payments auditing company Connolly LLC has agreed to merge with Goldman Sachs Group Inc's medical claims company iHealth Technologies Inc. iHealth provides analytics and services to contain medical and administration costs for more than 75 healthcare organizations, including insurance plans.
buyer parent: Advent International
buyer: Connolly, Inc. (COTV:$737.56)
Founded in 1979, Wilton, Connecticut-based Connolly is a privately held recovery auditing services firm. It reviews more than a trillion transactions each year, recovering $2 billion in overpayments in the healthcare and retail sectors, according to its website. "
target parent: Goldman Sachs & Co.
target: iHealth Technologies
Founded in 2001, Atlanta, Georgia-based iHealth provides analytics and services to contain medical and administration costs for more than 75 healthcare organizations, including insurance plans.
price ($mm)
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announced 11/13/2019 via BusinessWire

Accountable Healthcare America, Inc. will be merged with Clinigence, LLC.,

synopsis: Clinigence Holdings, Inc., a pioneer in clinical data integration, clinical quality reporting and population health analytics, is to merge with Accountable Healthcare America, Inc., a leading medical management platform company and provider network.
buyer: Clinigence, LLC. (OTCPK:IGMB.D:$1.37)
Clinigence Holdings, a fully reporting, publicly-held company, is a leading healthcare information technology company providing an advanced, cloud-based platform that enables healthcare organizations to provide value-based care and population health management. "
target: Accountable Healthcare America, Inc.
Accountable Healthcare America is a leading medical management platform company that provides a suite of services for its providers, including care coordination, high-risk care managers, documentation improvement and medical coding programs, medical management best practices programs and more.
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closed 4/18/2017 via PR Newswire

IntegriChain, Inc., acquired PharmaMetrics, Inc.

synopsis: IntegriChain, a rapidly growing healthcare technology company, announced the acquisition of PharmaMetrics, a leading provider of contract operations outsourcing and market access analytics software and services.
buyer parent: Accel-KKR
buyer: IntegriChain, Inc.
IntegriChain is a rapidly growing cloud software company focused on channel management for life sciences suppliers. Health suppliers use IntegriChain to manage their supply chain relationships, inventories, and orders across a vast network of retailers, ecommerce, and distributors. "
target: PharmaMetrics, Inc.
PharmaMetrics is a leading provider of contract operations business process outsourcing and market access analytics, software, and services. PharmaMetrics delivers contract operations services including Medicaid processing, commercial processing, Medicare Part D, chargebacks, and government pricing.
price ($mm)
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announced 12/3/2021 via Company Press Release

Carlyle Group, will acquire Client Network Services, Inc.

synopsis: The Carlyle Group, a global investment firm, has agreed to buy Client Network Services, Inc. (CNSI), a Virginia-based manager of IT systems for state and federal agencies, from Alvarez & Marsal Capital Partners.
buyer: Carlyle Group (CG:$8,297.70)
Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Investment Solutions. Carlyle’s purpose is to invest wisely and create value on behalf of its investors and portfolio companies. "
target parent: Alvarez & Marsal
target: Client Network Services, Inc.
CNSI ("Client Network Services, Inc.") delivers a broad range of health information technology enterprise solutions and customizable products to a diverse base of State and Federal agencies in the United States.
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closed 6/25/2018 via PR Newswire

Centauri Health Solutions, acquired NHI Billing Services

synopsis: Centauri Health Solutions, Inc., the Scottsdale-based provider of technology-enabled revenue optimization and quality of care services, has acquired NHI Billing Services (NHI), a leading provider of Medicaid-related specialized billing services to hospitals and health systems. NHI is a full-service out-of-state Medicaid account management company.
buyer: Centauri Health Solutions
Centauri Health Solutions focuses on revealing care opportunities through its suite of products and services. Delivering services through private cloud-based software solutions, the firm provides comprehensive data management designed for risk adjustment and quality-based revenue programs. "
target: NHI Billing Services
NHI is a full-service out-of-state Medicaid account management company providing eligibility verification, authorization notification, provider enrollment, billing, account follow-up, reporting and appeals processing for hospitals throughout the United States.
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closed 4/3/2020 via PR Web

DataFile Technologies merged with Scanstat Technologies,

synopsis: ScanSTAT Technologies and DataFile Technologies, leading providers of Health Information Management solutions, announce the merger of the two companies. DataFile provides turn-key solutions to streamline medical records, health information management and clinical workflows.
buyer: Scanstat Technologies
ScanSTAT is a medical records release and disclosure management company based in Georgia. It has been primarily focused on providing Release of Information (ROI) solutions through its innovative and technology-driven platform since being founded by Glenn Andrews in 2006. "
target: DataFile Technologies
DataFile provides turn-key solutions to streamline, standardize and centralize medical records, health information management and clinical workflows for healthcare organizations of all types and sizes.
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closed 12/10/2019 via BusinessWire

Regroup Telehealth Inc. merged with InSight Telepsychiatry,

synopsis: InSight Telepsychiatry and Regroup Telehealth have merged to become the largest and most comprehensive telepsychiatry service provider in the US. The merger brings together a robust network of providers and a group of clinical and executive leaders with extensive experience and expertise for underserved individuals and communities.
buyer parent: Harbour Point Capital
buyer: InSight Telepsychiatry
InSight is the leading national telepsychiatry service provider increasing access to quality behavioral health care through applications of technology. InSight serves hundreds of organizations across the country with its on-demand, scheduled services, and Inpathy divisions. "
target: Regroup Telehealth Inc.
Regroup provides customized telepsychiatry solutions, technology, and support teams that contribute to the seamless integration of behavioral health clinicians at partner care sites. Their clinicians collaborate with onsite care teams on patient care plans and workflows for better behavioral care.
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closed 8/31/2018 via Company Press Release

Access Healthcare, acquired Pacific BPO

synopsis: Access Healthcare, a leading provider of healthcare business process outsourcing services, announced that it has acquired Pacific BPO, a premier provider of revenue cycle management services. Pacific BPO is a leading global business process outsourcing company that offers focused cost and process optimization solutions in the healthcare industry.
buyer: Access Healthcare
Access Healthcare provides business process outsourcing, applications services and robotic process automation tools to healthcare providers, payers and related service providers. Access Healthcare is committed to bringing revenue cycle excellence to its customers. "
target: Pacific BPO
Based in India, Pacific BPO is a leading global business process outsourcing company that offers focused cost and process optimization solutions in the healthcare industry. It specializes in offshore outsourcing services including, medical coding, medical billing, insurance claim processing.
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closed 9/28/2017 via Company Press Release

Altaris Capital Partners, acquired AGS Health Private Limited

synopsis: Altaris Capital Partners, LLC recapitalizes AGS Health in partnership with its founder, Devendra Saharia, and existing shareholder, MTS Health Investors, LLC. AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies.
buyer: Altaris Capital Partners
Altaris is an investment firm focused exclusively on the healthcare industry. Altaris manages $1.3 billion of equity capital and invest in businesses that meet clearly defined healthcare needs. "
target: AGS Health Private Limited
AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies. The Company's services include accounts receivable management, medical coding and transaction processing.
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closed 1/4/2017 via PR Newswire

Aviacode Incorporated, acquired Revant Solutions, Inc.

synopsis: Aviacode, a leader in professional fee coding, has acquired the assets of Florida-based Revant Solutions, a long-time provider of facility coding outsourced services. Aviacode will retain the majority of Revant's full-time facility coders, auditors and operations managers, and obtain the company's existing clients.
buyer: Aviacode Incorporated
Aviacode is the industry leader in technology-enabled medical coding services. Its proprietary technology and workflow improve the accuracy of medical coding, providing improved efficiency, increased revenue, strengthened cash flow, and decreasing risk for hospital and physician groups. "
target: Revant Solutions, Inc.
Revant Solutions Inc. offers facility coding outsourced services. Revant Solutions Inc. was formerly known as Health Revenue Assurance Associates, Inc. and changed its name to Revant Solutions Inc. in August, 2015.
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closed 5/4/2016 via BNC Analysis

Envera Health, Inc., acquired InHealth

synopsis: Envera Health has acquired population health company InHealth and web-based clinician portal MedVirginia from Central Virginia Health Network. InHealth addresses challenges in the healthcare system through collaboration between patients, providers, and facilities. MedVirginia develops infrastructure for community clinical data exchange.
buyer: Envera Health, Inc.
Envera Health optimizes provider and consumer engagement, empowering health systems to deliver their best patient care. Their platform combines expertise, managed services, technology, and infrastructure that enables healthcare providers to achieve their clinical, financial, and growth objectives. "
target: InHealth
InHealth is a healthcare solutions company addressing the challenges in the healthcare system through an inclusive, quality-driven collaboration between patients, providers, and facilities. In 2000 they created MedVirginia to develop the infrastructure for community clinical data exchange.
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closed 1/19/2016 via PR Newswire

iMedX, Inc., acquired Amphion Medical Solutions

synopsis: iMedX, Inc., a global leader in health information and medical documentation solutions, announced that is has acquired Amphion Medical Solutions, a national leader of technology driven medical documentation and coding services. Amphion offers customized services to meet client needs with credentialed and accurate transcriptionists and coders.
buyer parent: RFE Investment Partners
buyer: iMedX, Inc.
iMedX is an integrated medical document management and health information solutions company. iMedX offers a full suite of high-value revenue cycle management solutions including medical transcription, medical coding services, results-based consulting, and data analytics. "
target: Amphion Medical Solutions
Amphion was forged by the healthcare industry's need for accuracy, accountability, compliance, and timely delivery of medical record transcription and coding. The company offers customized services to meet client needs with credentialed and accurate transcriptionists and coders.
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closed 11/11/2015 via BusinessWire

PracticeMax, acquired Medical Management Corporation of America

synopsis: PracticeMax, a national provider of revenue cycle, information technology, satisfaction research and practice management services, announced it has acquired Medical Management Corporation of America, one of the largest medical practice management companies in the Northeast.
buyer: PracticeMax
PracticeMax is a national provider of practice management and healthcare technology services, including billing, software, data analytics and satisfaction research for medical practice and clinical operations. "
target: Medical Management Corporation of America
Providing coding, billing and practice management services, Medical Management Corporation of America enables their clients to focus on patient care while increasing collections, reducing costs and optimizing revenue cycle performance.
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closed 2/23/2015 via BusinessWire

Navigant Consulting, acquired RevenueMed

synopsis: Navigant, a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities, announced that it has acquired RevenueMed, a provider of coding, revenue cycle management, and business process management services for the healthcare sector.
buyer: Navigant Consulting (NCI:$728.72)
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Navigant delivers expert and advisory work through implementation and business process management services. "
target: RevenueMed
RevenueMed is an Atlanta-based provider of coding, revenue cycle management, and business process management services for the healthcare sector.
price ($mm)
$22
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closed 3/4/2013 via BusinessWire

Gores Group, LLC, purchased GE Healthcare Strategic Sourcing from GE Healthcare

synopsis: The Gores Group, a leading Los Angeles-based investment firm, announced that it has completed the acquisition of GE Healthcare Strategic Sourcing from GE Healthcare. GE Healthcare Strategic Sourcing is a leading provider of electronic billing and electronic medical records outsourcing solutions to the healthcare industry.
buyer: Gores Group, LLC
The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. "
seller parent: General Electric Company
seller: GE Healthcare
Healthcare Strategic Sourcing is a leading provider of electronic billing and electronic medical records outsourcing solutions to the healthcare industry. GE Healthcare Strategic Sourcing provides services to some of the most recognized healthcare systems in the United States.
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closed 9/27/2010 via BusinessWire

Conifer Health Solutions, Inc., acquired MediHealth Outsourcing, LLC.

synopsis: Conifer Health Solutions, a leader in business process solutions for healthcare providers, announced it has acquired MediHealth Outsourcing, LLC. MediHealth is a Health Information Management (HIM) Operations and Clinical Revenue Cycle (CRC) consulting and outsourcing company.
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
target: MediHealth Outsourcing, LLC.
MediHealth offers Health Information Management (HIM) business process and consulting solutions to hospitals and healthcare organizations. Its services range from outsourcing a hospital’s entire HIM department to interim/temporary staffing services for coding and all clinical revenue cycle staff.
price ($mm)
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announced 8/20/2021 via Company Press Release

Baring Private Equity Asia, will acquire Straive

synopsis: Partners Group, a leading global private markets firm, has agreed to sell Straive (formerly SPi Global), a leading global provider of technology-driven content and data solutions, to funds affiliated with Baring Private Equity Asia ("BPEA"). Straive provides a suite of technology-driven platforms and services for the creation of e-learning content.
buyer: Baring Private Equity Asia
Hong Kong-based Baring Private Equity Asia (BPEA) is one of the largest and most established private alternative investment firms in Asia, with assets under management of approximately US$20 billion. "
target parent: Partners Group Holding AG
target: Straive
Straive (earlier known as SPi Global) is a market leading content technology enterprise that provides data services, subject matter expertise (SME) and technology solutions to multiple domains such as research content, e-Learning/EdTech and data/information providers.
price ($mm)
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closed 8/28/2017 via PR Newswire

Cognizant Technology Solutions, acquired TMG Health, Inc.

synopsis: Cognizant announced it has completed its acquisition of TMG Health, a leading national provider of business process services to the Medicare Advantage, Medicare Part D and Managed Medicaid markets in the United States, supporting 32 health plans and more than 4.4 million members in all 50 states.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. "
target parent: Health Care Service Corporation
target: TMG Health, Inc.
TMG Health, with offices in Pennsylvania and Texas, is a leading national provider of business process services to the Medicare Advantage, Medicare Part D and Managed Medicaid markets in the U.S., supporting 32 client plans and more than 4.3 million members in all 50 states.
price ($mm)
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closed 8/18/2021 via PR Newswire

Cognizant Technology Solutions, acquired Hunter Technical

synopsis: Cognizant has acquired digital engineering assets from Hunter Technical Resources, a digital engineering and project management agency headquartered in Atlanta, Georgia. Hunter Technical Resources engineers specialize in high-demand skills, including full stack development, machine learning, DevOps, systems architecture and data science.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: Hunter Technical
HUNTER Technical Resources is a national Tech Recruiting & Staffing firm providing companies of all sizes with outstanding Information Technology talent, along with responsible, ethical service.
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announced 1/13/2021 via PR Newswire

Cognizant Technology Solutions, will acquire Linium

synopsis: Cognizant announced it has agreed to acquire Linium, a cloud transformation consultancy group specializing in the ServiceNow platform and solutions for smart digital enterprise workflows.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target parent: The Rohatyn Group
target: Linium
Linium is a cloud transformation consultancy group specializing in the ServiceNow platform and solutions for smart digital enterprise workflows.
price ($mm)
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announced 1/13/2021 via PR Newswire

Cognizant Technology Solutions, will acquire Servian

synopsis: Cognizant announced it has entered into an agreement to acquire Servian, a Sydney, Australia-based, privately-held enterprise transformation consultancy specializing in data analytics, artificial intelligence, digital services, experience design, and cloud.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: Servian
Servian is an Australian consulting firm that help organisations leverage data to gain competitive advantage. Servian designs, delivers and manages innovative data & analytics, digital, customer engagement and cloud solutions that help their clients to sustain competitive advantage.
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announced 9/2/2020 via PR Newswire

Cognizant Technology Solutions, will acquire 10th Magnitude

synopsis: Cognizant will acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The acquisition will expand the Microsoft Azure expertise within Cognizant's new Microsoft Business Group, adding development and managed services hubs in major cities throughout the U.S.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: 10th Magnitude
10th Magnitude helps businesses transform with cloud-based solutions that harness the power of Microsoft Azure. The company combines elements from multiple deep cloud competencies to help clients become more agile, customer-focused, and operationally efficient.
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announced 8/26/2020 via PR Newswire

Cognizant Technology Solutions, will acquire Tin Roof Software

synopsis: Cognizant will acquire Tin Roof Software, a privately-held custom software and digital product development services company. The acquisition will expand Cognizant's software product engineering footprint in the U.S. and connect Tin Roof's experts with Cognizant's broader global software development capabilities.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: Tin Roof Software
Tin Roof Software is one of the fastest-growing software product engineering and consulting firms in the U.S. Tin Roof specializes in innovative digital products that allow companies to improve customer experiences and increase revenue.
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announced 7/28/2020 via PR Newswire

Cognizant Technology Solutions, will acquire New Signature Inc.

synopsis: Cognizant will acquire New Signature, one of the world's largest independent Microsoft public cloud transformation specialists. The acquisition of New Signature expands Cognizant's hyperscale cloud advisory services, and will provide the foundation for a new, dedicated group within Cognizant centered on Microsoft cloud solutions.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: New Signature Inc.
New Signature is a cloud-first, full-service Microsoft partner committed to delivering innovative technology solutions that solve human challenges. The company provides an integrated offering across all three of Microsoft's business clouds: Azure, Microsoft 365, and Dynamics 365.
price ($mm)
$305
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announced 5/6/2020 via PR Newswire

Cognizant Technology Solutions, will acquire Collaborative Solutions

synopsis: Cognizant will acquire Collaborative Solutions, a privately-held global consultancy specializing in Workday enterprise cloud applications for finance and human resources. The acquisition of Collaborative Solutions will add new finance and HR advisory and implementation services to Cognizant's cloud offerings.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: Collaborative Solutions
Collaborative Solutions is a leading, full-service global finance and HR transformation consultancy that leverages world-class cloud solutions to help deliver successful client outcomes. Their clients include Fortune 500 companies, medium-sized businesses, and education and government institutions.
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announced 3/25/2020 via PR Newswire

Cognizant Technology Solutions, will acquire Lev

synopsis: Cognizant, one of the world's leading professional services companies, will acquire Lev, a privately-held, digital marketing consultancy. Lev helps businesses simplify and modernize their marketing campaigns using Salesforce Marketing Cloud to provide data-driven insight and personalization across the customer journey, and ultimately drive revenue.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: Lev
Lev is a privately-held, digital marketing consultancy and Salesforce Platinum Partner. The company specializes in custom cloud solutions that equip marketers to use automation, personal preferences, and data to forge stronger customer connections through personalized experiences.
price ($mm)
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closed 2/4/2020 via PR Newswire

Cognizant Technology Solutions, acquired Code Zero Consulting, LLC

synopsis: Cognizant, a leading professional services company, has acquired Code Zero Consulting, a privately-held provider of consulting and implementation services for cloud-based Configure-Price-Quote (CPQ) and billing solutions. The acquisition further strengthens Cognizant's cloud solutions portfolio and Salesforce CPQ and billing capabilities.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: Code Zero Consulting, LLC
Code Zero is a Platinum Salesforce Consulting Partner that crafts and delivers solutions in a way that minimizes complexity and maximizes return through elegant and scalable solutions specializing in the transformation of Quote-to-Cash processes.
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announced 2/4/2020 via Company Press Release

Cognizant Technology Solutions, will acquire EI Technologies

synopsis: Cognizant, one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era, will be acquiring EI Technologies, a Paris-based, privately-held digital technology consulting firm and leading independent Salesforce specialist in France.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. The company's unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. "
target: EI Technologies
EI Technologies is a leading independent Salesforce Platinum Partner on the French market. Digital pure player EI-Technologies offers consulting, solution implementation and training in three expertise domains: Digital Client, Digital Employee, and Digital ESI.
price ($mm)
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announced 10/23/2019 via PR Newswire

Cognizant Technology Solutions, will acquire Contino

synopsis: Cognizant announced it has entered into an agreement to acquire Contino, a privately-held technology consulting firm. Contino specializes in helping Global 2,000 clients accelerate their digital transformation by leveraging enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Contino
Contino is an Enterprise DevOps and Cloud Transformation Consultancy. They specialize in helping highly-regulated enterprises transform their way of working, and accelerate the adoption of cloud-native technologies as a platform for innovation.
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closed 3/6/2019 via PE Hub

Cognizant Technology Solutions, acquired Meritsoft

synopsis: Cognizant announced it has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland. Meritsoft is best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions, and cash flow functions between financial institutions.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Meritsoft
Meritsoft is a privately-held financial software company based in Dublin, Ireland. Meritsoft is best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions, and cash flow functions between financial institutions.
price ($mm)
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announced 1/23/2019 via BNC Analysis

Cognizant Technology Solutions, will acquire Oy Samlink AB

synopsis: US-based Cognizant is to acquire bank-owned Finnish IT supplier Oy Samlink as part of a programme to implement a shared core banking platform for three of the country's savings banks. Oy Samlink Ab (Samlink) is an experienced service provider and developer of demanding IT solutions for the finance sector in Finland.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Oy Samlink AB
Oy Samlink Ab (Samlink) is an experienced service provider and developer of demanding IT solutions for the finance sector in Finland. Oy Samlink Ab associates have deep expertise in the Finnish banking market, and the company has two delivery centers in Finland.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/12/2018 via PR Newswire

Cognizant Technology Solutions, will acquire Mustache LLC

synopsis: Cognizant, one of the world's leading professional services companies, will acquire Mustache, a privately-held creative content agency. Mustache specializes in creating scripted, unscripted, live action, animated, short form, long form, TV, social media, commercial, and branded content.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Mustache LLC
Mustache is a creative content agency. The agency specializes in creating scripted, unscripted, live action, animated, short form, long form, TV, social media, commercial, and branded content. Mustache crafts visually-stunning, imaginative, thoughtful content and campaigns for any platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/4/2018 via PR Newswire

Cognizant Technology Solutions, will acquire Softvision LLC

synopsis: Tower Arch Capital is pleased to announce that it has signed a definitive agreement to sell Softvision, LLC to Cognizant Technology Solutions Corporation. Softvision creates impactful end to end digital products and solutions that connect brands with consumers that result in relevant, memorable and rewarding interactions.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target parent: Tower Arch Capital LLC
target: Softvision LLC
Softvision creates impactful end to end digital products and solutions that connect brands with consumers that result in relevant, memorable and rewarding interactions. They deliver sustainable innovation, agility and an emotional connection that inspires engagement and business transformation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/19/2018 via PR Newswire

Cognizant Technology Solutions, will acquire Advanced Technology Group

synopsis: Cognizant, one of the world's leading professional services companies, will acquire Advanced Technology Group (ATG), a global leader in Quote to Cash (Q2C) advisory, implementation, and managed services. ATG helps companies implement CRM, quoting, and billing systems.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Advanced Technology Group
Advanced Technology Group (ATG) is a global leader in Quote to Cash (Q2C) advisory, implementation, and managed services. ATG helps companies implement CRM, quoting, and billing systems. ATG's Q2C solutions enables greater efficiency, more accuracy, and better business visibility.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/23/2018 via PR Newswire

Cognizant Technology Solutions, will acquire SaaSfocus

synopsis: Cognizant announced it has agreed to acquire SaaSfocus, a privately-held consulting firm specializing in digital transformation, leveraging the Salesforce Platform. SaaSfocus is one of the largest independent Salesforce Platinum consulting partners in the Asia-Pacific (APAC) region with operations across Australia and India.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: SaaSfocus
SaaSfocus, founded in 2009, is a leading specialized technology consulting firm that helps blue-chip customers across the financial services, insurance, manufacturing, and automotive industries realize their digital transformation goals by leveraging the Salesforce Platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2018 via PR Newswire

Cognizant Technology Solutions, acquired Hedera Consulting

synopsis: Cognizant has acquired privately-held Hedera Consulting, a consulting company specialized in growth strategy, digitization, innovation and commercial excellence for clients across industries, including financial services and utilities.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Hedera Consulting
Hedera Consulting, founded in 2009, is a consulting company specialized in growth strategy, digitization, innovation and commercial excellence for clients across industries, including financial services and utilities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/19/2018 via BNC Analysis

Cognizant Technology Solutions, acquired Bolder Healthcare Solutions

synopsis: JZ Partners has sold Bolder Healthcare Solutions (BHS) to Cognizant Technology Solutions, one of the world's leading professional services companies. BHS offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target parent: JZ Partners, LLC
target: Bolder Healthcare Solutions
Bolder Healthcare Solutions (BHS) offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace. BHS offers unmatched expertise, processes, technology and capabilities to help healthcare providers increase cash flow.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/26/2017 via PR Newswire

Cognizant Technology Solutions, will acquire Zone Ltd.

synopsis: Cognizant announced it has agreed to acquire Zone, one of the United Kingdom's leading independent full-service digital agencies specializing in customer experience, digital strategy, technology and content creation. Established in 2000, Zone helps ambitious businesses win in a world where digital is mission critical.
buyer: Cognizant Technology Solutions (CTSH:$17,413.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target: Zone Ltd.
Zone is one of the United Kingdom's leading independent full-service digital agencies specializing in customer experience, digital strategy, technology and content creation. Zone helps ambitious businesses win in a world where digital is mission critical.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/22/2021 via GlobeNewswire

Concentrix Corporation, will acquire ProKarma Inc.

synopsis: Concentrix Corporation, a leading global provider of customer experience (CX) services and technologies, announced that they have reached a definitive agreement in which Concentrix would acquire PK, a leading global CX design engineering company.
buyer: Concentrix Corporation (:$5,421.27)
Concentrix Corporation is a leading technology-enabled global business services company specializing in customer engagement and improving business performance for some of the world’s best brands including over 95 Global Fortune 500 clients and over 90 global disruptor clients. "
target parent: Carlyle Group
target: ProKarma Inc.
PK is the experience engineering firm. Together with the world's most customer-obsessed companies, PK combines great design and strong tech to build pioneering experiences that accelerate outcomes for customers, partners and employees.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/19/2021 via PR Newswire

Eliassen Group, acquired Lightwell Inc

synopsis: Eliassen Group, LLC, a strategic consulting and talent solutions firm, has acquired Lightwell Inc., a comprehensive technology and business solutions firm. The acquisition enhances Eliassen's offerings in the cloud consulting and IT solutions space, as well as brings Eliassen to an international stage.
buyer parent: Stone Point Capital, LLC
buyer: Eliassen Group
Eliassen Group provides strategic consulting and talent solutions to drive its clients' innovation and business results. Eliassen Group's purpose is to positively impact the lives of its employees, clients, consultants, and the communities in which they operate. "
target: Lightwell Inc
Lightwell develops, implements, and manages technology solutions that answer modern critical business challenges. They provide comprehensive services and solutions for integration and APIs, data analytics, order management, B2B integration, supply chain management, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/1/2021 via GlobeNewswire

Netcompany, acquired Intrasoft International S.A.

synopsis: Netcompany Group A/S, the fastest growing and most successful IT service company in Northern Europe, announced the completion of the previously announced acquisition of Intrasoft International S.A., a leading European IT solutions and services group with strong international presence and expertise.
buyer: Netcompany (CPSE:NETC:$490.55)
Netcompany is the fastest growing and most successful IT service company in Northern Europe. Netcompany leads the way with digitalisation in Northern Europe, building modern IT solutions and introducing advanced use of technology for large global customers, side by side in agile teams. "
target: Intrasoft International S.A.
Intrasoft International S.A. is a leading European IT Solutions and Services Group with strong international presence, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organizations.
price ($mm)
$273
rev ($mm)
$228
EBITDA ($mm)
$21
EV / rev
1.2x
EV / EBITDA
13.1x
closed 10/28/2021 via BNC Analysis

Arrow Business Communications Limited, acquired Circle IT Solutions Ltd

synopsis: Arrow has acquired the Circle Group which includes Circle IT Solutions Ltd and Fabric IT Ltd. Circle is a fast growing, technical IT focused design and consultative organization. Fabric is a market leading software provider and IT support company. They are both based in the UK.
buyer parent: MML Capital Partners LLC
buyer: Arrow Business Communications Limited
Based in the UK, Arrow specialises in telephony, data, IT and energy solutions for businesses. It offers a diverse product range ranging from hosted and mobile telephony through to mobile device management, telephone systems, IT services, voice and data connectivity. "
target: Circle IT Solutions Ltd
Circle Group includes Circle IT Solutions Ltd and Fabric IT Ltd. Circle is a fast growing, technical IT focused design and consultative organization. Fabric is a market leading software provider and IT support company. They are both based in the UK.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/27/2021 via BNC Analysis

Computech Corporation, acquired Warnock Tanner & Associates

synopsis: Warnock Tanner & Associates, a successful IT services/management company, has been acquired by Computech Corporation, a company that provides pragmatic and cost-effective IT & IT enabled services and solutions that deliver pre-determined and tangible results to its global customers.
buyer: Computech Corporation
Computech Corporation provides pragmatic and cost-effective IT & IT enabled services and solutions that deliver pre-determined and tangible results to its global customers. The company is headquartered in Detroit, MI. "
target: Warnock Tanner & Associates
WTA Consulting is a premier IT services provider that uses best practices to separate itself from other leading IT consulting firms with savvy and effective business solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/27/2021 via GlobeNewswire

Yes& Agency, acquired Boldr Strategic Consulting

synopsis: Yes&, an integrated marketing agency, has acquired Boldr Strategic Consulting, a digital management firm that uses a design-thinking approach to keep trade associations and professional societies relevant while guiding them through the rapidly changing digital environment.
buyer: Yes& Agency
Yes& is an integrated marketing agency based in Alexandria, VA, offering advanced branding, advertising, digital marketing and analytics, customer experience (CX), market research, content development and public relations. "
target: Boldr Strategic Consulting
Boldr Strategic Consulting is a digital management firm that uses a design-thinking approach to keep trade associations and professional societies relevant while guiding them through the rapidly changing digital environment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/27/2021 via BNC Analysis

Bondgate IT, acquired MCWare IT Solutions

synopsis: Bondgate IT has acquired MCWare IT Solutions, which provides IT consulting and services, such as database design, website and intranet design, anti-virus, and telephone systems. Both companies are based in the UK.
buyer: Bondgate IT
Established in 1998, Bondgate IT deliver IT solutions to a growing number of SME’s and national organizations. They specialize in cloud computing, internet connectivity, hosted services and more. They are based in the UK. "
target: MCWare IT Solutions
MCWare IT Solutions Limited provides IT consulting and services, such as database design, website and intranet design, anti-virus, and telephone systems. The company was incorporated in 2013 and is based in Stockton-on-Tees, United Kingdom.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/27/2021 via BNC Analysis

Brightwater, acquired Vantage Resources

synopsis: Irish recruitment agency Brightwater has acquired Dublin-based Vantage Resources, an IT contracting and talent acquisition business founded in 2000 that primarily sources specialist IT professionals on medium to long term contracts to clients.
buyer: Brightwater
Based in Ireland, Brightwater Group specialises in the recruitment of professionals across professional services, technical services and executive for permanent, contract, temporary and interim management roles. "
target: Vantage Resources
Based in Ireland, Vantage Resources delivers IT services and staffing solutions that enable its customers to support their network systems and legacy applications while also delivering new and innovative technology solutions to support their businesses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/26/2021 via BNC Analysis

Keating Consulting Service, Inc., acquired Bainbridge Computer Services

synopsis: Keating Consulting Service, Inc. (KCS), a Bainbridge Island Information Technology Services Provider, has acquired Bainbridge Computer Services, which offers the complete range of computer services for residences, home offices, businesses, and nonprofits. They are based in Bainbridge Island, Washington.
buyer: Keating Consulting Service, Inc.
Keating Consulting Service (KCS), established in 1983 in the Chicago area and currently located on Bainbridge Island, has provided IT services to Washington public and private sector entities since 1997. "
target: Bainbridge Computer Services
Bainbridge Computer Services offers the complete range of computer services for residences, home offices, businesses, and nonprofits. They are based in Bainbridge Island, Washington.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/21/2021 via PR Newswire

CGI Group Inc., will acquire Cognicase Management Consulting, S.L.

synopsis: CGI, Canada's largest independent IT and business consulting services firms, acquiring Cognicase Management Consulting (CMC), a leading provider of technology and management consulting services and solutions since 1993, primarily in the Spanish market.
buyer: CGI Group Inc. (GIB:$9,757.61)
CGI is Canada's largest independent IT and business consulting services firms. CGI delivers an end-to-end portfolio of capabilities, from IT and business consulting to systems integration, outsourcing services and intellectual property solutions. "
target: Cognicase Management Consulting, S.L.
Cognicase Management Consulting (CMC) is a leading provider of technology and management consulting services and solutions since 1993, primarily in the Spanish market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/19/2021 via PR Newswire

Nagarro, Inc., will acquire ATCS

synopsis: Nagarro, a global leader in digital engineering, is to acquire Advanced Technology Consulting Service (ATCS), a Technology Consulting firm providing services in the area of Enterprise IT, Digital Transformation, Data Analytics and Marketing Insights. Its global operations are spread across ten offices in five countries.
buyer: Nagarro, Inc. (:$532.58)
Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus, win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs. "
target: ATCS
ATCS is a Technology Consulting firm providing services in the area of Enterprise IT, Digital Transformation, Data Analytics and Marketing Insights. Its global operations are spread across ten offices in five countries.
price ($mm)
rev ($mm)
$30
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/13/2021 via PR Web

Ntiva Inc., acquired Navakai, Inc.

synopsis: Ntiva, Inc., a leading provider of managed IT services, strategic consulting, cybersecurity services, cloud services and telecom solutions, has acquired Navakai, located in Colorado Springs, CO. Navakai is an IT Managed Services Provider that offers a range of services, including disaster recovery, security, support services, and more.
buyer: Ntiva Inc.
Ntiva is an IT services company that provides businesses with advanced technology expertise, including managed IT, cloud hosting, cybersecurity, unified communications, and strategic consulting services. Ntiva aims to help clients leverage technology investments to improve business performance. "
target: Navakai, Inc.
Navakai is an IT Managed Services Provider offering monthly support and technology-related projects for businesses. They provide a variety of products and services, including disaster recovery, security, support services, and VOIP, for clients in Colorado Springs, Denver, and nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/23/2021 via Company Press Release

Dbay Advisors, will acquire SQLi

synopsis: DBAY Advisors, an asset management company based and regulated in the Isle of Man, is to acquire a majority in SQLI, a European services group dedicated to the digital world, specialized in the design, implementation, global deployment and operation of omnichannel solutions.
buyer: Dbay Advisors
DBAY Advisors is an asset management company based and regulated in the Isle of Man, investing in listed equities, but also unlisted instruments. DBAY Advisors supports management teams and assists them in the process of growing their businesses. "
target: SQLi (ENXTPA:SQI:$254.12)
France-based SQLI is a European services group dedicated to the digital world, specialized in the design, implementation, global deployment and operation of omnichannel solutions. The company provides long-term support to major European companies and brands in developing sales and brand awareness.
price ($mm)[EV]
$114 [$167]*
rev ($mm)
$255
EBITDA ($mm)
$22
EV / rev
0.8x
EV / EBITDA
9.7x
closed 8/31/2021 via Company Press Release

HiQ International, acquired Advicon AB

synopsis: HiQ, a leading provider of information technology solutions, has acquired Advicon AB, a company that offers IT consulting and digital transformation services. The company was founded in 2014 and is based in Lund, Sweden.
buyer parent: Triton
buyer: HiQ International (OM:HIQ:$207.50)
HiQ simplifies people’s lives and creates a better world through technology and communications. They are a leading Nordic consultancy company with both regional and global clients. HiQ helps their clients all the way from strategy and design to technical development and operation. "
target: Advicon AB
Advicon AB offers IT consulting and digital transformation services. The company was founded in 2014 and is based in Lund, Sweden.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2021 via PR Newswire

InterVision Systems, acquired SyCom Technologies

synopsis: InterVision, a leading IT strategic service provider, announced the acquisition of SyCom Technologies. Founded in 1996, SyCom designs, delivers and supports IT solutions that optimize business results. With offices in Richmond, Roanoke, Virginia Beach and Huntington, WV their focus is primarily the mid-Atlantic with national delivery capability.
buyer parent: Huron Capital Partners LLC
buyer: InterVision Systems
InterVision's mission is to unlock value by delivering innovative technology through a consultative approach. The company delivers innovation through a broad portfolio of IT managed services, on-premise solutions, professional services, cloud solutions, automation and consulting services. "
target: SyCom Technologies
Founded in 1996, SyCom designs, delivers and supports IT solutions that optimize business results. With offices in Richmond, Roanoke, Virginia Beach, Vienna and Huntington, WV their focus is primarily the mid-Atlantic with national delivery capability.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/3/2021 via BusinessWire

Accenture, acquired LEXTA

synopsis: Accenture has acquired LEXTA, a consulting firm specialized in IT benchmarking and IT sourcing advisory. LEXTA supports clients with in-depth insights on the IT provider market, offering detailed analysis and market comparisons of the quality, scope, processes and efficiency of both vendors and IT departments.
buyer: Accenture (ACN:$50,533.39)
Accenture is a global professional services company with leading capabilities in digital, cloud, and security. Accenture offers Strategy and Consulting, Interactive, Technology, and Operations services powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. "
target: LEXTA
LEXTA is a consulting firm specialized in IT benchmarking and IT sourcing advisory. LEXTA supports clients with in-depth insights on the IT provider market, offering detailed analysis and market comparisons of the quality, scope, processes and efficiency of both vendors and IT departments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/28/2021 via PR Newswire

Sonata Software, will acquire Encore Software Services

synopsis: India-based Sonata Software will acquire Encore Software Services, a Silicon Valley-based IT services company providing user experience, data insights, and real-time collaboration services to clients in the healthcare, supply chain/logistics, and independent software vendor industries.
buyer: Sonata Software (BSE:532221:$568.69)
Sonata is a global technology company specialising in platform-based digital transformation. Sonata’s Platformation methodology brings together industry expertise, platform technology excellence, design innovation, and strategic engagement models to deliver sustained value to customers. "
target: Encore Software Services
Encore is a niche IT services organization providing user experience, data insights, and real-time collaboration services to clients in financial services, hi-technology, life sciences, and retail and logistics verticals.
price ($mm)
$15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2021 via Company Press Release

EPAM Systems, acquired CORE SE

synopsis: EPAM Systems, a leading global provider of digital platform engineering and development services, announced its acquisition of CORE SE, a Berlin-based professional service provider specializing in IT strategy and technology-driven transformations.
buyer: EPAM Systems (EPAM:$2,788.89)
EPAM Systems, Inc. leverages its software engineering expertise in product development, digital platform engineering, and top digital and product design agency. EPAM, through its 'Engineering DNA' and innovative strategy, helps customers with consulting and design capabilities to deliver solutions. "
target: CORE SE
CORE SE is a professional service provider specializing in IT strategy and technology-driven transformations. Founded in 2009 in Berlin, CORE is a technology think tank and trusted partner for governmental and private institutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2021 via PR Web

Kris Infotech Pte Ltd, acquired AGS TEK Partners LLC

synopsis: Leading Singapore-headquartered IT consulting and advisory services company Kris Infotech has acquired a 60% stake in the Colorado-based IT consultancy and Staffing company AGS Tek Partners. AGS Tek Partners is a provider of state-of-the-art IT services that address the modern-day business challenges of most organizations.
buyer: Kris Infotech Pte Ltd
Kris Infotech is a Singapore-headquartered IT solutions company, providing a wide range of IT services from technology consulting and advisory in emerging tech to IT talent solutions. Kris Infotech expertise includes Cyber Security, Data & Artificial Intelligence (AI), DevOps & AIOps, and RPA. "
target: AGS TEK Partners LLC
Colorado-based AGS Tek Partners is a provider of state-of-the-art IT services that address the modern-day business challenges of most organizations. The company has been delivering on-demand technology consulting, technology resourcing and software training services for over five years.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/15/2021 via Company Press Release

IBM, will acquire Bluetab

synopsis: IBM announced an agreement to acquire Bluetab Solutions Group, S.L., an IT Services boutique serving large corporations in the highly specialized Data Solutions space: Data Strategy, Data Management, Data Analytics and Data Cloud Services.
buyer: IBM (IBM:$74,461.00)
IBM is a leading cloud platform and cognitive solutions company. Restlessly reinventing since 1911, they are the largest technology and consulting employer in the world. With Watson, the AI platform for business, powered by data, IBM is building industry-based solutions to real-world problems. "
target: Bluetab
Bluetab is an IT Services boutique serving large corporations in the highly specialized Data Solutions space: Data Strategy, Data Management, Data Analytics and Data Cloud Services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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rev ($mm)
$12,770.00
EBITDA ($mm)
$3,121.00
EBIT ($mm)
$2,792.00
Net Income ($mm)
$2,343.00
Employees
239233
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Ticker: NSEI:HCLTECH
 
 
 
 
 
 
 
 
HCL Technologies Limited
HCL Technologies Limited
Founded in 1976 as one of India's original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor based computer in 1978 well before its global peers.
year
2019
rev ($mm)
$8,941.45
EBITDA ($mm)
$2,001.75
EBIT ($mm)
$1,682.97
Net Income ($mm)
$1,404.66
Employees
120081
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Ticker: TSE:4307
 
 
 
 
 
 
 
 
Nomura Research Institute, Ltd.
Nomura Research Institute, Ltd.
Nomura Research Institute (NRI) is an independent, global IT solutions and consulting services provider. Leveraging NRI's global consulting business, NRI is able to provide innovative IT solutions for investment banks, asset managers, banks, insurance providers, retailers and distributors.
year
2021
rev ($mm)
$5,057.92
EBITDA ($mm)
$1,259.08
EBIT ($mm)
$856.23
Net Income ($mm)
$556.30
Employees
13430
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Ticker: ENXTPA:SOP
 
 
 
 
 
 
 
 
Sopra Steria
Sopra Steria
Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of end-to-end service offerings on the market: consulting, systems integration, software development and business process services.
year
2019
rev ($mm)
$5,053.57
EBITDA ($mm)
$443.58
EBIT ($mm)
$338.39
Net Income ($mm)
$182.70
Employees
44719
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Ticker: JSE:DTC
 
 
 
 
 
 
 
 
Datatec Limited
Datatec Limited
Datatec is a global ICT solutions and services group with revenues of over US$ 5 billion, more than 7,500 employees worldwide and operations in over 50 countries. The Group operates in three principal areas of the ICT industry: Technology, Integration and Consulting.
year
2019
rev ($mm)
$4,332.38
EBITDA ($mm)
$102.34
EBIT ($mm)
$66.23
Net Income ($mm)
$13.13
Employees
10130
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Ticker: OB:ATEA
 
 
 
 
 
 
 
 
Atea ASA
Atea ASA
Atea is the leading Nordic and Baltic supplier of IT infrastructure. Atea is present in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assist its customers with specialist competencies within IT infrastructure services.
year
2019
rev ($mm)
$3,934.76
EBITDA ($mm)
$106.11
EBIT ($mm)
$76.84
Net Income ($mm)
$51.85
Employees
7419
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Ticker: BME:IDR
 
 
 
 
 
 
 
 
Indra Sistemas, S.A.
Indra Sistemas, S.A.
Indra is one of the main global consulting and technology companies and the technology partner for core business operations of its clients businesses throughout the world. Indra is a world leader in the development of comprehensive technological solutions.
year
2019
rev ($mm)
$3,577.74
EBITDA ($mm)
$233.15
EBIT ($mm)
$226.34
Net Income ($mm)
$127.98
Employees
47333
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Ticker: WSE:ACP
 
 
 
 
 
 
 
 
The Asseco Group
The Asseco Group
Asseco Poland is the largest IT company listed on the Warsaw Stock Exchange. It has developed technologically advanced software solutions for companies and institutions of all key sectors of the economy for more than 20 years.
year
2020
rev ($mm)
$3,188.01
EBITDA ($mm)
$445.68
EBIT ($mm)
$317.01
Net Income ($mm)
$105.11
Employees
28009
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Ticker: TSE:9715
 
 
 
 
 
 
 
 
transcosmos inc.
transcosmos inc.
transcosmos currently offers Cost Reduction Services (Contact Center, HR/Financial/Sales Back Office, Order Management/SCM, System Development) and Sales Expansion Services (Big Data Analysis, Internet Advertising, Website Construction/Management, Smartphone/SNS Utilization, Telemarketing etc.).
year
2016
rev ($mm)
$1,981.09
EBITDA ($mm)
$102.87
EBIT ($mm)
$78.08
Net Income ($mm)
$42.23
Employees
16401
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Ticker: HLSE:TIE1V
 
 
 
 
 
 
 
 
Tieto
Tieto
Tieto is the largest IT services company in the Nordics providing full lifecycle IT services. They also provide global product development services for companies in the communications and embedded technologies arena.
year
2019
rev ($mm)
$1,794.11
EBITDA ($mm)
$222.02
EBIT ($mm)
$156.83
Net Income ($mm)
$134.87
Employees
15275
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Ticker: PLUS
 
 
 
 
 
 
 
 
ePlus, inc.
ePlus, inc.
ePlus is an engineering-centric technology solutions provider that helps organizations imagine, implement, and achieve more from their technology. With certifications from technology partners, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler.
year
2019
rev ($mm)
$1,397.51
EBITDA ($mm)
$102.78
EBIT ($mm)
$83.67
Net Income ($mm)
$64.11
Employees
1538
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