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 – October 2021 |
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RCG Global Services Acquired by Frontenac
RCG Global Services, a global digital transformation consultancy providing product engineering, advanced analytics, and cloud services to Fortune 1000 enterprises, has completed a majority recapitalization with Frontenac, a Chicago-based PE firm.
Read more
www.prnewswire.com
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Eliassen Group Acquires Lightwell
Eliassen Group, an IT consulting and talent solutions firm, has acquired Lightwell. Founded in 1998, Lightwell works on projects primarily in cloud and integration, along with application development, DevOps, order management, and managed services.
Read more
www.consulting.us
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Revion Solutions Acquires College Inbound
Cloud-based managed services company, Revion Solutions Incorporated, has purchased College Inbound, the WordPress-based content management company for community college websites.
Read more
www.pr.com
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3Cloud Acquires CCG Analytics
3Cloud, the largest pure-play Microsoft Azure consultancy in the US, has acquired CCG Analytics, a Tampa-based provider of cloud and data consulting. A Microsoft Gold Partner, CCG Analytics provides services across strategy, cloud, and AI and data.
Read more
www.consulting.us
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Quisitive Acquires Catapult Systems
Quisitive Technology Solutions (TSXV:QUIS), a premier Microsoft solutions provider and payment solutions provider, has acquired Catapult Systems, a Microsoft-focused digital solutions and services provider, for $51.5 million in cash.
Read more
www.globenewswire.com
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Hero Digital Announces Strategic Investment from AEA
AEA has invested in Hero Digital. Hero Digital is a leading independent customer experience company operating at the intersection of strategy, design, data and technology, solving the critical digital transformation needs of the Fortune 1000.
Read more
www.prnewswire.com
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WillowTree Acquires Poatek
WillowTree, a market-leading digital product consultancy serving the world's most admired brands, announces its second acquisition of 2021 with its agreement to acquire Poatek, the leading privately-held Brazilian software engineering boutique.
prweb.com
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Globant to Acquire Navint
Globant (NYSE:GLOB) a digitally native company focused on innovative technology solutions, has entered into a definitive agreement to acquire Navint, a Lead-to-Revenue Salesforce partner that helps organizations drive growth.
Read more
www.prnewswire.com
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Bounteous Acquires Hathway
Bounteous, a digital marketing and transformation consultancy, has acquired Hathway, customer experience agency specializing in quick-service restaurants and convenience stores.
Read more
www.consulting.us
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West Monroe Acquires Carbon Five
West Monroe Partners, a Chicago-headquartered management and technology consultancy, has acquired Carbon Five, a San Francisco-based digital product development consulting firm. Founded in 2000, Carbon Five works with startups and Fortune 1000s.
Read more
www.consulting.us
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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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