June, 2020
In 2019, strategic buyers accounted for approximately 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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