IT Services M&A

IT Service firms are providers of computer, network and Internet-related consulting, design, management and programming services. While valuations for IT services technology companies are lower, on a relative basis, than SaaS and software companies, deal velocity in the sector is increasing for the right kinds of companies. Regional firms with scale, as well as smaller firms with high-value specializations, are in demand globally.

 

Transactions

ICF International acquires CITYTECH

CITYTECH, Inc., a Chicago-based digital interactive consultancy

CITYTECH's strong specialization in the Adobe content marketing suite, formerly of Day Software, drew the attention of major acquirers, including global services provider ICF International. A leading partner with Adobe, CITYTECH was a complementary fit with ICF Interactive, a service offering from ICF, which combines user experience, creative services, systems integration, marketing, and e-commerce services into an integrated suite of capabilities designed to meet commercial and government clients’ digital and interactive business needs.

"After several conversations, even flying to multiple offices, we began to learn that our team was going to stay intact, we were going to be part of a growing part of the business, and really able to make a difference and move the needle," said CITYTECH co-founder Matt Van Bergen. "All those things were very important to us to moving forward, while the mechanics of the deal, the valuations, the terms and things like that, we had a great partner in Corum to help lead us through that."

Hear more from Matt Van Bergen on his M&A experience - MP3 Audio

Announcement Date: March 17, 2014
Deal Value: Undisclosed

Other IT Services and Transactions

quotes I think that the one thing that, as we looked at different firms to help represent us, one of the things that really hooked us, and I believe was still a big factor, was the fact that we had a firm who understood the software side of our business, a firm specializing in software, and I think that helped us immensely in the process because we weren't having to go in and educated a firm or broker on how to speak our language to potential buyers. I think that was one of the things that made an easier decision for us to select Corum in that process. quotes

David Gorman
Clearview Staffing Software, Inc.