IT Solutions continue to lead revenue growth within the five sectors of the IT 60 with a 1-year growth rate of 16%, with the IT 60 growing 12% YoY. Cherry Tree & Associates has been actively monitoring trends and activity in the Information Technology Services space for more than 10 years. Along with monitoring the large, public players in the space through our public company index (IT Services 60), Cherry Tree closely tracks middle-market M&A trends that directly impact middle-market owners, operators, buyers and sellers. |
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The five sectors within the ITS 60 are:
- IT Solutions (Integration & Transformation)
- IT Consulting
- Outsourced & Managed IT Services
- Staffing
- Value-Added Tech Resellers
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Each issue of this newsletter highlights transactions involving Information Technology Services companies, as well as performance metrics for the ITS 60. |
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Notable Transactions – February 2023 |
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Lanlogic Acquired by Quest Technology Management
Lanlogic, an IT service consulting firm offering Technical Program Management, Managed Services, and professional planning and support, has been acquired by Quest Technology Management, an IT service provider.
Read more
www.yahoo.com
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Locus Recruiting Acquired by CDW
Locus Recruiting, a consulting firm specializing in information security, cloud computing, networking and infrastructure, has been acquired by CDW, an IT distributor.
Read more
mytechdecisions.com
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BreakFree Solutions Acquired by ThoughtFocus
BreakFree Solutions, which provides digital services to leading enterprise customers in the financial services sector, has been acquired by ThoughtFocus, a provider of digital services and technology-enabled digital operations.
Read more
globalfintechseries.com
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n2grate Acquired by BlueAlly Technology Solutions
n2grate Government Technology Solutions, an IT solutions firm specialized in delivering strategic information technology services for large commercial and government clients, has been acquired by BlueAlly.
Read more
www.finsmes.com
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Accelogix Acquired by Spinnaker SCA
Accelogix, a supply chain technology services company for manufacturers, distributors, and retailers with projects ranging from multi-facility greenfield implementations to rescues of compromised implementations, has been acquired by Spinnaker SCA.
Read more
www.supplychainquarterly.com
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Umbrage Acquired by Bain & Company
Umbrage, which helps enterprise clients design, develop, and scale software solutions, has been acquired by Bain & Company. Umbrage’s offerings span product management, full stack development, DevOps, UX/UI design, and quality assurance.
Read more
www.consulting.us
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Further Enterprise Solutions Acquired by KPG
Further Enterprise Solutions, a provider of site deployment, integration and radiofrequency optimization services, has been acquired by KGP Services, a global telecom infrastructure services company.
Read more
www.circet.com
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Silveredge Consulting Acquired by Fresche Solutions
Silveredge Consulting, an IT consulting service provider specializing in IBM application support, ERP and homegrown application development and help services, has been acquired by Fresche Solutions.
Read more
www.citybiz.co
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Cherry Tree's "IT Services 60" index is comprised of roughly 60 publicly-traded companies with a collective market capitalization greater than $1.1 Trillion. |
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IT Services 60 - Index Metrics |
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Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis. Our firm specializes in serving middle market companies and their owners, whether private, public, or divisions of larger corporations.
For a confidential conversation about your company's strategic alternatives for exiting, merging, acquiring, or obtaining financing, please contact our team.
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Elmer Baldwin
Senior Executive Director
Phone: 952.253.6001
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Mik Gusenius
Managing Director
Phone: 952.253.6005
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David Wetterstrom
Associate
Phone: 952.253.6004
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Cherry Tree & Associates
301 Carlson Parkway #103
Minnetonka, MN 55305
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Prepared by David Wetterstrom |
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Important Disclosures
The information included in this publication has been obtained from public sources and is not based upon private or confidential Cherry Tree information. Cherry Tree gathers its data from sources it considers reliable. However, it does not guarantee the accuracy or completeness of the information provided within this publication. Any opinions presented reflect the current judgment of the authors and are subject to change. Cherry Tree makes no warranties, expressed or implied, regarding the accuracy of this information or any opinions expressed by the authors. Officers, directors, partners of Cherry Tree and Cherry Tree proprietary investment funds may have positions in the securities of the companies discussed, and certain affiliates of Cherry Tree may recommend to specific clients the purchase and sale of securities discussed in the publication. This publication does not constitute a recommendation with respect to the securities of any company discussed herein, and it should not be construed as such. Cherry Tree or its affiliates may from time to time provide investment banking or related services to these companies. Like all Cherry Tree employees, the authors of this publication receive compensation that is affected by overall firm profitability. We undertake no obligation to update any information in this publication.
The ITS 60 Performance Index is a hypothetical index, and does not reflect an actual investment portfolio. Comparisons between the ITS 60 Index and other indices are for illustrative purposes only. Correlations in performance information for the ITS 60 Performance Index and other indices should not be relied upon as indicative of risks involved in owning or holding a portfolio of securities similar to the ITS 60 Performance Services Index. Past performance should not be relied upon as indicative of future performance.
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