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 – May 2022 |
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Cerberus Sentinel Acquires Creatrix
Cerberus Cyber Sentinel Corporation, a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., has completed the acquisition of Creatrix, Inc., a cybersecurity and information technology company based in Tennessee and Maryland.
Read more
www.citybiz.co
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McKinsey & Company Acquires Caserta
Management consulting firm McKinsey & Company has acquired Caserta, a New York-based data analytics consulting and implementation firm, to further strengthen the Company's data capabilities.
Read more
www.consulting.us
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RunTide Capital Invests in Ascent Solutions
Cybersecurity services firm Ascent Solutions secures investment by RunTide Capital to support their explosive growth in the cybersecurity services sector.
Read more
www.prnewswire.com
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Converge Technology Solutions to Acquire PC Specialists
Converge Technology Solutions Corp., a software-enabled IT & Cloud Solutions provider, will acquire PC Specialists, Inc. d/b/a Technology Integration Group, which specializes in optimized performance solutions and critical business support.
Read more
www.channelfutures.com
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Modus Create Acquires Atlas Authority
Modus Create, a global provider of digital transformation and product development services, has acquired Atlas Authority, a full-service consulting firm specialized in implementing and customizing Atlassian software.
Read more
www.businesswire.com
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Carlyle to Acquire ManTech
Private equity firm The Carlyle Group will acquire ManTech, an IT consultancy focusing on the intelligence community, Pentagon, and federal civilian agencies.
Read more
www.consulting.us
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Lumifi Cyber Acquires Datashield
Lumifi Cyber, Inc., a next-generation managed detection and response cybersecurity software provider, has acquired Datashield, Inc., an end-to-end cybersecurity resilience services provider.
Read more
www.datashieldprotect.com
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Coretelligent Acquires Lighthouse Technology Partners
Coretelligent, a provider of IT support, cybersecurity, digital transformation, IT strategy, and cloud services, and Norwest Equity Partners, an investment firm, has acquired technology services and solutions provider Lighthouse Technology Partners.
Read more
www.yahoo.com
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Valeo Networks Acquires MSP Next IT
Managed security service provider Valeo Networks has acquired Next IT, a Michigan-based managed service provider (MSP). Financial terms of the deal were not disclosed.
Read more
www.channele2e.com
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Synoptek Acquires Macquarium
Synoptek, a leading global business and technology consulting firm, has acquired distinguished customer experience agency, Macquarium.
Read more
www.yahoo.com
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ASGN Incorporated to Acquire GlideFast Consulting
ASGN Incorporated, a provider of IT services and solutions, will acquire GlideFast Consulting LLC, an elite ServiceNow Partner and leading IT consulting, implementation and development company.
Read more
www.yahoo.com
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Clearwater Compliance to Acquire CynergisTek
Clearwater Compliance, a healthcare focused cybersecurity, compliance, and risk management solutions firm will acquire CynergisTek, a cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries.
Read more
www.businesswire.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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David Wetterstrom
Senior Analyst
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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