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 – March 2022 |
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Park Place Technologies Acquires Reliant Technology
Park Place Technologies, a leading global data center and networking optimization firm, has acquired Reliant Technology, a third-party maintenance, support and hardware provider based in Atlanta, Georgia.
Read more
www.prnewswire.com
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Converge Technology Acquires Creative Breakthroughs
Converge Technology Solutions, a software-enabled IT & Cloud Solutions provider, is pleased to announce it has acquired cybersecurity solutions provider Creative Breakthroughs, Inc. (“CBI”).
Read more
www.globenewswire.com
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TriMech Acquired by Sentinel Capital Partners
Sentinel Capital Partners announced the recapitalization of TriMech, a leading provider of 3D engineering design and additive manufacturing software, services, and solutions.
Read more
www.sentinelpartners.com
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UKG Acquires Interboro
UKG Inc, a leading global provider of human capital management (HCM), payroll, HR service delivery, and workforce management solutions, acquired Interboro, a longtime reseller partner of UKG solutions based in the Caribbean.
Read more
www.ukg.com
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Sourcepass Acquires Network Solutions and Technology
Sourcepass, announces it has closed the acquisition of Network Solutions and Technology, Inc. (NST), a leading information technology service provider, for over 21 years.
Read more
www.businesswire.com
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UPSTACK Acquires Meridian Network Services
UPSTACK has acquired Meridian Network Services, a full-service telecommunications agency serving both small-to-medium businesses (SMBs) and enterprises.
Read more
upstack.com
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Genstar Capital Invests in Lightspeed Systems
Lightspeed Systems ("Lightspeed"), a trusted partner in learning safety and effectiveness, announced today that it has received a significant growth investment from Genstar Capital, joining existing investor Madison Dearborn Partners.
Read more
www.lightspeedsystems.com
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IBM acquires Azure consulting firm Neudesic
Founded in 2002, Neudesic's more than 1,500 consultants in the US and India deliver digital transformation services in application development, cloud migration, DevOps, integration, data engineering, data visualization, and automation.
Read more
www.consulting.us
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InterVision Acquires Virtuosity Consulting
InterVision, a leading IT strategic service provider, today announced the acquisition of Virtuosity Consulting, a technology firm with a strong global presence and extensive capabilities.
Read more
www.prnewswire.com
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Executech Acquires Flagstaff IT and Communications
Executech, an IT services and cybersecurity provider, announced today the acquisition of Flagstaff Information Technology & Communications, LLC, a respected IT services provider based in Flagstaff, AZ.
Read more
www.businesswire.com
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Blue.cloud Receives Investment at $100M+ Valuation
Global cloud-only digital transformation company Blue.cloud, announced that it has received a majority equity investment at an enterprise value exceeding $100 million from Hudson Hill Capital.
Read more
www.businesswire.com
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UPSTACK Acquires United Technology
UPSTACK, which transforms the way businesses design and select internet infrastructure solutions, announced today that it acquired United Technology LLC, a technology consulting firm specializing in network deployments for real-time applications.
Read more
www.prweb.com
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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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Ben Huss
Vice President
Phone: 952.253.6017
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Cherry Tree & Associates
301 Carlson Parkway #103
Minnetonka, MN 55305
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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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