December, 2019

In 2019 YTD, strategic buyers accounted for 90% of IT Services M&A activity; during 2018, strategic buyers accounted for approximately 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– Open Text Corporation acquires Carbonite for $850 million.

– RealPage acquires Buildium for an undisclosed amount.

– Workday acquires Scout RFP for $540 million.

– Proofpoint acquires ObserveIT for $230 million.

– PTC acquires Onshape for $470 million.

– MJ23 UK Acquisition acquires Cision for $1.5 billion.

– Roku acquires dataxu for $150 million.

– Cerner Corporation acquires AbleVets for $75 million.

– Apex Systems acquires Intersys Consulting for $67 million.

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