British Telecommunications to buy Stemmer and SND
BT announced that it agreed to acquire Stemmer GmbH and SND GmbH, both German companies constituting the enterprise IT services segment of Net AG. The acquisitions will strengthen BTs skills and capabilities in the German market, in line with BTs strategy to offer networked IT services to its corporate customers in Germany and globally.
Announcement Date: June 26, 2008
Deal Value: Undisclosed
HiQ acquires TSG Test Solutions
HiQ (Sweden) is acquiring TSG Test Solutions, a specialized IT consulting firm in Espoo, Finland. The company, which employs some 70 consultants, specializes in quality assurance and project management. Its clients include leading companies in the manufacturing, telecom, banking and financial industries. The acquisition complements HiQ's existing operations in an excellent way, and positions HiQ as a significant player in Finland in everything from advanced software development to the quality assurance of complex systems and products. HiQ is seeing an increased demand for quality assurance of complex systems and products, and with TSG's expertise it can expand its offering to all of HiQ's clients in all sectors. TSG is expected to make a positive contribution to HiQs income right from the start, and thus to its earnings per share as well.
Announcement Date: June 25, 2008
Deal Value: $9.1 Million (Cash and stock)
Seller Revenue: $5 million (2007)
CompuCom to acquire North American Operations of Getronics
CompuCom Systems, Inc., a North America-based IT outsourcing company, is acquiring the North American operations of Getronics, a global provider of IT services. The combined entity would have had pro-forma 2007 revenues of approximately $2.1 billion. CompuCom is acquiring Getronics activities in North America, consisting of the operations in the United States, the operations in Canada and the certified Global Service Center in Mexico, for a combination of cash and equity issued by CompuCom. The combined entity will leverage the resources and extensive workspace management capabilities, including IT infrastructure management services, systems integration and consulting services of both the Getronics North American operations and those of CompuCom.
Announcement Date: June 23, 2008
Deal Value: Undisclosed
Vision IT acquires Drago Solutions
Vision IT Group, the European IT engineering and infrastructure consulting group involved in software qualification and development of applications for Information Systems, is acquiring Drago Solutions (Spain), a company specialized in IT engineering. This step in external growth brings the Spanish teams of VISION IT GROUP to nearly 300 employees (versus 120 until now) and strengthens the Groups offering in the area of consulting and SAP methodology, business intelligence, as well as in Internet security and servers. With Drago Solutions, Vision IT expects to achieve more than 15% of its annual sales in Spain in the current fiscal year, versus 6% in 2007.
Announcement Date: June 22, 2008
Deal Value: $6.3 Million (plus undisclosed earnout)
Barclays to acquire Computerlinks
Barclays Private Capital (Germany) has launched a friendly takeover bid for German IT services company Computerlinks. This represents a 38.9 percent premium on Frankfurt-listed Computerlinks' share price. Barclays Private Equity has stressed it wants to support Computerlinks' long-term development both through organic growth and strategic acquisitions. As one of Europes largest niche distributors, Computerlinks posted revenues of 469.1 million last year.
Announcement Date: June 17, 2008
Deal Value: $162.5 Million
CDC to buy Dynamic Business Consultants
CDC Software (China), provider of enterprise software applications and consulting services, is acquiring Dynamic Business Consultants, an award-winning software systems integrator based in Melbourne, Australia. A 2007 Microsoft Dynamics GP Partner of the Year, DBC is a specialist in Enterprise Resource System and Manufacturing Resource Planning. As part of the acquisition, DBC will market and sell CDC Softwares Process Manufacturing solutions that include CDC Factory and Ross Enterprise. The acquisition of DBC will not only expand CDC Softwares market presence in Australia, but will also expand the solutions and services footprint for CDC Softwares Australia-based Praxa services business in this rapidly growing region. CDC Software believes that DBCs offerings complement its process manufacturing focus and also broaden the companys solution and services offerings in vertical industries such as in the discrete manufacturing, construction, and services industries.
Announcement Date: June 16, 2008
Deal Value: Undisclosed
Bull acquires CSB Consulting
Bull has acquired CSB Consulting, the IT services company with a presence in Belgium and Luxembourg. CSB Consulting specializes in value-added IT services offerings including consultancy, infrastructure management and project management. Further reinforcing Bull's growth in this market, this latest acquisition is in line with the Group's aim and that of its Belgian subsidiary to establish its position as a key IT services provider to European Union institutions, as well as the banking and public sectors in Belgium and Luxembourg. Created in 1999, CSB Consulting currently employs 150 people and recorded revenues of 10.4 million in the 2007 financial year. Because of its skill base, the acquisition of CSB Consulting opens up new markets for Bull in these territories, particularly in the areas of network management, infrastructure management, databases and systems development.
Announcement Date: June 16, 2008
Deal Value: Undisclosed
SQS Software Quality Systems to acquire Validate Technology Svenska
SQS Software Quality Systems AG (Germany) is acquiring Validate Technology Svenska AB (Sweden), a provider of computer and software consulting services, from 2020 Governance AB. Validate Technology Svenska AB provides computer and software consulting services. The company is headquartered in Kista, Sweden, with locations in Gothenburg, Oslo and Helsinki. It is focused on test and quality assurance of IT systems, and delivers packaged solutions and consultancy services within test management, test automation, load and performance tests, application monitoring and education. The company was founded in 2002.
Announcement Date: June 11, 2008
Deal Value: $25.4 Million (Cash and stock)
Seller Revenue: $6.7 Million (2007)
UTEK Corporation to acquire Innovaro
UTEK Corporation, an innovation services company, has agreed to acquire Innovaro Limited (UK), a leading European innovation consulting and insight firm. Founded in 2000, Innovaro has a global client base including both private and public sector organizations. Innovaro enables organizations to grow by helping them to develop and implement high-return innovation strategies and building leading edge capability so that innovation is delivered more effectively. The acquisition of Innovaro with its strong base of operations in Europe represents an important step forward in developing UTEKs strategy of becoming the first turn-key provider of innovation services in the world.
Announcement Date: June 11, 2008
Deal Value: $3.7 Million (Stock plus undisclosed potential earnout (3 years))
Seller Revenue: $2.4 Million (2007)
Cognizant acquires Strategic Vision Consulting
Cognizant, provider of global consulting, technology and business process services, acquired the assets of Strategic Vision Consulting, Inc., a management and technology consulting firm with over 60 employees serving the media and entertainment industry. SVC focuses on high-impact consulting and systems implementation for leading media and entertainment companies, including the major studios, broadcasters, post-production facilities and interactive media companies. In addition, SVC possesses extensive experience providing technology strategy and planning, and program and project management services. This acquisition will expand Cognizants consulting capabilities in the media and entertainment industry and will allow it to help media and entertainment companies respond to the opportunities brought about by the digital transformation of the industry. The combination of SVCs strong relationships in the entertainment industry and Cognizants global delivery model positions Cognizant as a services leader within the fast-growing media and entertainment industry.
Announcement Date: June 10, 2008
Deal Value: Undisclosed
TechTeam Global acquires Onvaio
TechTeam Global, Inc., provider of information technology (IT), enterprise support and business process outsourcing services, has acquired Onvaio, LLC, provider of technical support outsourcing for clients globally. This acquisition, together with the recent partnership established with Rainmaker Asia, Inc., provides TechTeam with an immediate direct presence in the Philippines and the ability to quickly and efficiently expand Philippine-based delivery operations in response to growing customer demand. The acquisition also adds to TechTeam's capabilities in providing software technical support outsourcing services.
Announcement Date: June 5, 2008
Deal Value: Undisclosed
Ultra Electronics Holdings to acquire ProLogic
Ultra Electronics Holdings PLC (UK) agreed to acquire ProLogic Inc, a provider of information technology services. ProLogic provides specialized products and solutions for mission-critical enterprise IT, tactical data communication systems and intelligence processing infrastructures, as well as independent IT consulting services to U.S. government customers. Ultra Electronics is a group of specialist advanced technology businesses that design, manufacture and support electronic and electromechanical systems, sub-systems and products for defense, security, aerospace and transport applications worldwide.
Announcement Date: June 3, 2008
Deal Value: $58 Million (Cash plus potential of additional $8 million in profit-related earnout)
Deloitte to acquire Solbourne
Deloitte is acquiring Solbourne Computer Inc., an innovative systems integration firm that provides enterprise services based on Oracle Fusion Middleware technology and Oracle's E-Business Suite and PeopleSoft Enterprise applications. Solbournes management team and more than 120 professionals are expected to join Deloitte's Enterprise Applications, Technology Integration and Human Capital service areas. Deloitte's worldwide Oracle service line has more than 5,400 professionals, possessing deep industry and functional knowledge across Oracle's full line of applications and technology. In addition, Deloitte's affiliates have capabilities in tax, finance, HR, risk and business consulting as well as systems implementation-related consulting. The acquisition of Solbourne by Deloitte will strengthen and extend its existing Oracle E-Business Suite and PeopleSoft Enterprise capabilities for clients, which can further establish Deloitte as a leading Oracle systems integrator.
Announcement Date: June 3, 2008
Deal Value: Undisclosed
China Eastsea Business Software acquires Infa Hong Kong Group Ltd.
China Eastsea Business Software Ltd, an outsourcing services company, acquired Infa Hong Kong Group Ltd, an information technology outsourcing services provider. China Eastsea expects to enhance its earnings with the deal due to Infas growing business and profitability.
Announcement Date: June 2, 2008
Deal Value: $3.7 Million (Cash and stock)
GlassHouse acquires TPP
GlassHouse Technologies, the IT infrastructure consulting and services firm, acquired independent IT consulting firm TPP Group (UK). The move is part of GlassHouses continued drive to expand its storage management capabilities across the UK. This acquisition provides GlassHouse with additional project and program management capabilities that strengthen the companys storage management teams. TPP also bolsters GlassHouses European presence and provides added support to existing partnerships. GlassHouse has a strategic plan for growth and development in the European market as well as globally. The TPP methodology fits well into GlassHouses vision. GlassHouses managed services capability also provides TPP clients with an added level of depth and experience to draw upon.
Announcement Date: June 2, 2008
Deal Value: Undisclosed
ComVest Investment Partners to acquire Pomeroy IT Solutions
ComVest Investment Partners III LP is acquiring Pomeroy IT Solutions, a technology and services solutions provider. Pomeroy IT Solutions is a provider of IT infrastructure solutions focused on enterprise, network and end-user technologies. Leveraging its core competencies in IT Outsourcing and Professional Services, Pomeroy delivers consulting, deployment, operational, staffing and product sourcing solutions through the disciplines of Six-Sigma, program and project management, and industry best practices.
Announcement Date: May 22, 2008
Deal Value: Undisclosed
Capgemini acquires assets of Advantage Consulting
Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, acquired the assets of Advantage Consulting Group, Inc., a specialist in data conversion for the insurance industry. Capgemini is now able to offer to financial services clients a more robust suite of flexible, low-risk and cost-effective conversion solutions for consolidating and implementing new information technology (IT) systems.
Announcement Date: May 21, 2008
Deal Value: Undisclosed
Accenture to acquire ATAN
Accenture has agreed to acquire ATAN, a privately held provider of industrial information technology and automation solutions based in Belo Horizonte, Brazil. ATAN has played an important role in helping companies make the most of their investments by combining the best practices in consulting with innovative approaches to the use of technology in industrial situations. ATAN was founded in 1987and employs approximately 500 professionals across three major divisions: Automation Technology, Industrial IT, and Special Solutions, designing custom hardware and software solutions. The acquisition is designed to accelerate Accentures expansion into automation and industrial IT services globally and further enhances the companys capabilities in management consulting, systems integration and technology consulting within the global metals and mining, energy and utilities industries.
Announcement Date: May 19, 2008
Deal Value: Undisclosed
Mascon Global acquires Ebusinessware
IT services firm Mascon Global (India) has acquired New York-based Ebusinessware Inc, which offers IT solutions and consulting to financial services firms, marking Mascon Globals third acquisition this year. The firm also plans to list on Nasdaq later this year. Ebusinessware provides technology solutions and services in areas like credit risk management, market risk management, credit derivatives, business process management and reference data management. Ebusinessware has about 1,100 employees, of which 750-800 are based in India and the rest in the U.S. The fundamental objective is to build the company into an innovation-led, domain-focused IT solutions provider.
Announcement Date: May 15, 2008
Deal Value: $35 Million
GlobalLogic acquired Dalian 3CIS
GlobalLogic Inc., provider of outsourced software product engineering services, has expanded its reach in China and acquired Dalian 3CIS, a China-based software development company. GlobalLogic has raised nearly $50 million in VC funding from firms like Sequoia Capital India, New Atlantic Ventures and New Enterprise Associates. Dalian 3CIS joins GlobalLogic's existing development center in Beijing in helping software product companies accelerate their time to market. The acquisition is part of GlobalLogic's overall strategy to build and retain the world's best software R&D engineers and help its technology clients enter new markets. GlobalLogic's Beijing software delivery center was established in November 2007. It specializes in developing software products for the telecommunications, mobile, business and consumer Internet, and embedded technology markets.
Announcement Date: May 13, 2008
Deal Value: Undisclosed
HP to buy EDS
Hewlett-Packard Co. is buying Electronic Data Systems Corp. in a deal that will create the second largest technology services provider behind IBM. It's a field dominated by IBM Corp., which generated $54 billion in revenue from technology services last year. HP's technology services revenue will more than double to more than $38 billion with the addition of EDS, which had $22 billion in revenue last year. Once the marriage is complete, HP estimates it will have about a 7 percent share of the technology service market compared with IBM's 10 percent share. The deal will enable HP to leapfrog Fujitsu and Accenture in the niche. To make sure the EDS takeover pays off, HP indicated it will make significant layoffs as it eliminates overlapping jobs and other expenses. The combined services business would have 210,000 employees and operations in more than 80 countries. It will retain the EDS brand and EDS' Plano, Texas headquarters.
Announcement Date: May 12, 2008
Deal Value: $12.6 Billion (Cash)
Seller Revenue: $22 Billion (2007)
HP said the EDS acquisition had an "enterprise value" of $13.9 billion and didn't immediately explain what that figure included. But based on 502.6 million EDS shares outstanding as of April 25, the acquisition would be worth $12.6 billion.
Perot Systems acquires Original Solutions
Perot Systems Corporation has acquired Original Solutions Limited, a professional IT services firm providing applications development and management services to clients in Ireland and the UK. Original Solutions' competencies include web applications and client server development, enterprise integration and legacy systems re-engineering, as well as significant expertise in IT Services Management and IT Infrastructure Library process management. Based in Limerick and Dublin, Ireland, Original Solutions employs approximately 90 people and reported revenues of 9 million in 2007. Original Solutions strengthens Perots portfolio of services and capabilities in the Irish and EMEA markets.
Announcement Date: May 12, 2008
Deal Value: Undisclosed
QSGI to acquire Contemporary Computer Services
QSGI, Inc., provider of a full suite of information technology services to help corporations better manage IT assets, data center maintenance expenses, and ensure best practices for data security and regulatory compliance, is acquiring Contemporary Computer Services, Inc., an IT services provider with an extensive list of corporate, educational, and government customers, high recurring IT services revenue and a history of generating positive EBITDA and net income. In addition to providing maintenance services for mainframe and mid-range processors, enterprise class tape storage and peripherals, CCSI also performs network design, implementation, and monthly maintenance services on corporations' networking infrastructure as well as 24/7 IT monitoring and diagnostics through its North American Network Operating Center. The acquisition of CCSI is a significant step towards QSGIs goal of building a more complete and pure data center maintenance and IT services organization.
Announcement Date: May 7, 2008
Deal Value: $10.6 Million (Cash and stock plus an undisclosed potential stock earnout)
Seller Revenue: $13.7 Million in revenue and EBITDA of $2.1 million (2007)
Perot Systems acquires HighQ-IT
Perot Systems Corporation is acquiring HighQ-IT GmbH, a leading German IT services provider with SAP expertise. The company is one of nine special expertise partners in the automotive industry to be globally certified by SAP. With a delivery center in Bratislava, Slovakia, HighQ-IT is a business driven, IT innovation partner for select manufacturing industries, with a clear emphasis on delivering IT services in the SAP and enterprise solutions market. With its proven expertise in SAP implementation services, HighQ-IT is an excellent fit for Perot Systems whose clients are demanding enterprise solutions, and this acquisition significantly enhances its global capacity to deliver them. The good positioning of HighQ-IT in the German SAP market in the sector of manufacturing, especially automotive, allows Perot Systems to significantly improve its own positioning in this environment.
Announcement Date: April 24, 2008
Deal Value: Undisclosed
NetStar-1, Inc., an information technology solutions provider to government and commercial clients, has acquired AVIEL Systems, Inc. to augment its program management and information technology service offerings. Lake Capital, a private equity firm that invests exclusively in service-based companies, first invested in NetStar-1 in March 2007 and provided additional capital to fund this transaction. AVIEL, through its operating subsidiaries, OPTIMUS Corporation and Performance Management Consulting, Inc., is a provider of management consulting and information technology services to the U.S. federal government. AVIELs management consulting capabilities are predominantly focused on information technology program management, business optimization and financial management. The companys information technology deliverables are grounded in network operations and desktop support, information assurance/security and systems design, implementation and integration. The combined companies will offer enhanced technical capabilities for a wide range of clients. Together, NetStar-1 and AVIEL will have more than 750 highly skilled employees, annual revenue of nearly $175 million, and access to additional capital to support continued organic and acquisition growth initiatives through the partnership with Lake Capital.
Announcement Date: April 16, 2008
Deal Value: Undisclosed
Choksh Infotech Ltd. Acquires Ajel Tech India Pvt Ltd
IT services company, Choksh Infotec Ltd., has acquired AJel Tech India Pvt Ltd., an IT Services company providing software consulting, systems integration, and outsourcing solutions in key industries. The transaction will include Ajel Technologies subsidiary, Ajel Technologies Inc.
Announcement Date: April 15, 2008
Deal Value: $343 Million (Stock)
Accenture to acquire SOPIA
Accenture is acquiring SOPIA Corporation (Japan), a privately held consulting and IT solutions company, specializing in Oracle systems integration. The company has capabilities in Oracle E-Business suite, Oracle JD Edwards, and Infor WM4000 and Infor WM9.0 (a supply chain management system), with a diversified portfolio of clients across a number of the industries that Accenture serves. The acquisition will extend Accentures Oracle capabilities in Japan, where Accenture is seeing increasing demand for ERP services. With a customer base that focuses on manufacturing, distribution, and logistics, SOPIA is recognized for its Oracle skills and expertise in supply chain management (SCM). This acquisition will also enable Accenture to expand its systems integration capabilities in Japan.
Announcement Date: April 3, 2008
Deal Value: Undisclosed
EPAM acquires B2BITS
EPAM Systems, provider of global software outsourcing services, acquires B2BITS Corp., a provider of solutions and consulting services to the capital markets. B2BITS has been delivering pre-built solutions, customizable frameworks, specialized testing tools as well as process consulting for Client Connectivity, FIX, FX, Options, Fixed Income, market data feeds, exchange gateways and electronic payment services since 2000. EPAM establishes a Capital Markets Competency Center, strengthening the companys offering for clients in the financial services sector where EPAM already has over 600 engineers providing development, maintenance, and support services to leading firms. This acquisition combines the sector leading domain expertise of B2BITS and their renowned high-performance products and EPAMs highly scalable and cost efficient development groups of 600+ software engineers developing, maintaining and supporting mission-critical applications for financial services clients.
Announcement Date: April 3, 2008
Deal Value: Undisclosed
EMC to acquire Conchango
To further expand and enhance its global services expertise and delivery, EMC is acquiring Conchango plc. (UK). Conchango is a growing technology consulting firm specializing in the design, development and delivery of custom applications and digital experiences. The acquisition of Conchango will enhance EMC's ability to provide well-established, proven technology consulting services to customers in the United Kingdom and across Europe, and builds upon the focused investments EMC has been making to expand its information infrastructure consulting services around the world. The addition of Conchango will mark another key milestone in the evolution of EMC's rapidly growing consulting services organization, significantly expanding its global capabilities to design, build and deliver tightly integrated solutions for its customers' most critical business applications.
Announcement Date: April 1, 2008
Deal Value: $84 Million (Cash)
3i backs Civica MBO
Civica Group (UK) has agreed to a buy-out by management, backed by 3i. The Civica Group is one of the most experienced providers of consulting, software and managed services to the public sector and regulated services. Civicas products and services are behind local transactions with 25 million citizens and businesses. The company blends business and technical consulting, development and integration of specialist business applications and managed services. Rumors of this had been swirling around for months - involving other 'trade' purchasers and Alchemy (Civica's original PE backers). Civica was a spin out after the 'old' Sanderson was acquired by Alchemy in 2000. Civica IPOd in March 2004.
Announcement Date: April 1, 2008
Deal Value: $379 Million (Cash)
Seller Revenue: $253 Million (2007)