Cherry Tree & Associates | June 2021
Cherry Tree has been tracking trends and activity in the Technology Enabled Business Services (TEBS) space for more than 15 years, including the TEBS 100, which is a broad index of 100 publicly-traded TEBS companies.
The four segments of the TEBS 100 are:

  • SaaS/Software
  • Business Process Services
  • Information Services
  • Infrastructure Services
Each issue of this newsletter highlights transactions involving TEBS companies, as well as performance metrics for the TEBS 100. Cherry Tree also produces quarterly TEBS updates and a research report which are available for download:
Cherry Tree has more than 15 years of experience working with businesses in the TEBS space. Our clients include companies seeking to sell their businesses or divest non-core assets, as well as strategic and financial buyers looking to make acquisitions.

Contact Mik Gusenius at mgusenius@cherrytree.com with any questions.
NOTABLE TRANSACTIONS – June 2021
Rockwell Automation Agrees to Acquire Plex Systems

Rockwell Automation, Inc., a provider of industrial automation and digital transformation, inked an all-cash deal to buy Plex Systems, a leading subscription-based smart manufacturing platform for $2.22 billion.

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www.tipranks.com
Sitel Group Agrees to Acquire Sykes Enterprises for $2.2B

Sykes Enterprises has agreed to be acquired by the Sitel Group in an all-cash deal valued at about $2.2 billion. Sykes Enterprises handles business process outsourcing, customer service and technical support outsourcing globally.

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www.businessobserverfl.com
Nvidia Agrees to Acquire DeepMap

Nvidia Corp. has inked a deal to acquire DeepMap Inc., a well-funded startup with mapping technology that helps autonomous vehicles navigate the road more reliably. The terms of the deal were not disclosed.

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siliconangle.com
Link Mobility to Acquire Message Broadcast for $261M

Link Mobility has entered into a definitive agreement to acquire Message Broadcast, a company operating within large U.S. industry verticals and providing mission-critical notification services to companies.

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linkmobility.com
Builders FirstSource Agrees to Acquire WTS Paradigm

Builders FirstSource Inc. is ramping up its digital capabilities, spending $450 million to bring an industry software expert in-house. WTS Paradigm is a software solutions and services provider for the building products industry.

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www.mdm.com
Parsons Acquires BlackHorse for $203M

Parsons is acquiring BlackHorse Solutions, a cybersecurity consulting firm that serves U.S. federal government customers including the U.S. Department of Defense and intelligence community customers.

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www.msspalert.com
Burning Glass, Emsi to Merge Into Single Labor Data Firm

Burning Glass Technologies said it will merge with Emsi, a labor market data firm, with the backing of its primary investor KKR. Terms were not disclosed. The combined company, to be called Emsi Burning Glass, will be led by the Burning Glass CEO.

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www.hcmtechnologyreport.com
Blackstone's $10B Deal to Buy Data Center Giant QTS

In what would be the biggest acquisition of a data center business ever, Blackstone has agreed to take QTS Realty Trust private for $10 billion. QTS Realty Trust (NYSE: QTS) is a leading provider of data center solutions.

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www.datacenterknowledge.com
TEBS 100 INDEX PERFORMANCE
TEBS 100 INDEX METRICS

For a confidential conversation about your company's strategic alternatives for exiting, merging, acquiring, or obtaining financing, please contact Mik Gusenius.

Prepared by:
Mik Gusenius, Managing Director

Phone: 952.253.6005


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.
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 TEBS Performance Index is a hypothetical index, and does not reflect an actual investment portfolio. Comparisons between the TEBS Index and other indices are for illustrative purposes only. Correlations in performance information for the TEBS 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 TEBS Performance Services Index. Past performance should not be relied upon as indicative of future performance.