Private equityPrivate Equity Acquiring Virtusa IT Service Provider for $2BJoe PanettieriSeptember 11, 2020Baring Private Equity Asia is acquiring Virtusa, a global IT services provider, for $2.0 billion. The deal's valuation: A lofty 16.2X EBITDA.
Mergers and AcquisitionsComputacenter Acquires Pivot Technology for US IT Sector PushTy TrumbullSeptember 10, 2020London-based Computacenter buys Toronto, Canada’s Pivot Technology Solutions to boost revenue, increase U.S. technology services market share.
Mergers and AcquisitionsMSP Acquisition: DataPerk Buys ByteSizeTy TrumbullSeptember 8, 2020IT services provider DataPerk acquires ByteSize, its third acquisition in five years, to expand networking, hardware, support offerings.
Mergers and AcquisitionsProgress Software Acquiring Chef for DevOps, DevSecOpsJoe PanettieriSeptember 8, 2020Progress Software ($PRGS) is acquiring DevOps & DevSecOps software company Chef for $220 million, or 3.1 times annual recurring revenues (ARR).
Mergers and AcquisitionsEPAM Systems Acquires Salesforce Partner RicstonTy TrumbullSeptember 7, 2020EPAM Systems acquires Salesforce partner Ricston, a software integration & connectivity solutions provider. EPAM gains API, microservice & MuleSoft expertise.
Mergers and AcquisitionsCalifornia MSP Acquired: briteCITY Buys NIXSYS IT ServicesTy TrumbullSeptember 3, 2020BriteCITY acquires IT services business from NIXSYS. BrightCITY has purchased five managed IT service providers (MSPs) since 2007 & serves Orange County, California.
Mergers and AcquisitionsASGN Acquires LeapFrog Systems for $72 MillionTy TrumbullSeptember 2, 2020Governmental technology services provider ASGN acquires LeapFrog Systems for digital transformation consulting services.
