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 – December 2021 |
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Advent International Acquires Encora
Encora, a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally-native companies has been acquired by private equity firm Advent International.
Read more
www.prnewswire.com
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Modus Create Receives Growth Investment from JLL Partners
Modus Create, a global provider of digital transformation and product development services, has received a strategic growth investment from JLL Partners. This funding will help Modus Create continue to serve the global 2000.
Read more
www.businesswire.com
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CloudScale365 Acquires Vandelay Industries
CloudScale365, a leading provider of state-of-the-art managed IT services acquired Vandelay Industries, a top regional service provider located in Sacramento, California.
Read more
www.prnewswire.com
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CyberSheath Receives Investment From Lightview Capital
CyberSheath, the Cybersecurity Maturity Model Certification (CMMC) managed service vendor for Department of Defense (DoD) contractors, announced an investment from Lightview Capital to expand its service capabilities.
Read more
cybersheath.com
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OptConnect Acquires Premier Wireless Solutions
OptConnect, a longtime leader in managed wireless services, has acquired Silicon Valley-based Premier Wireless Solutions (PWS), a leading IoT network solutions provider that is a top-tier partner with IoT hardware and wireless providers.
Read more
www.businesswire.com
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Synoptek Acquires Rapid Technologies
Synoptek, a leader in the global IT consulting field, acquired Rapid Technologies, an Elite ServiceNow partner focused on consulting, implementation and managed services for ServiceNow's enterprise service management (ESM) solutions.
Read more
www.businesswire.com
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E Source Acquires AAC Utility Partners
E Source, the utility market intelligence, data science and consulting platform backed by Align Capital Partners, acquired AAC Utility Partners, a provider of customer information systems and consulting services to municipalities and utilities.
Read more
aligncp.com
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Kroll Acquires Security Compass Advisory
Kroll, the provider of services and digital products related to valuation, governance, risk and transparency, has acquired Security Compass Advisory, a provider of cyber security solutions and advisory services.
Read more
www.businesswire.com
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Atos Acquires AppCentrica
Atos has completed the acquisition of AppCentrica, a Canadian-based technology and management consulting company specializing in Cloud Application and Salesforce services.
Read more
www.globenewswire.com
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ICF Completes Acquisition of Creative Systems and Consulting
ICF (NASDAQ: ICFI), a global consulting and digital services provider, has completed the acquisition of Creative Systems and Consulting (Creative), a premier provider of IT modernization and digital transformation solutions to U.S. federal agencies.
Read more
www.prnewswire.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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