Stagnant growth spurs IT service providers towards M&A
Enterprise service providers are struggling to grow beyond their established customer base as they scale in size, which is spurring them towards mergers and acquisitions (M&A).
Enterprise service providers are struggling to grow beyond their established customer base as they scale in size, which is spurring them towards mergers and acquisitions (M&A).
Tech Mahindra is building up its A/NZ digital services presence with the double acquisition of Melbourne-based Momenton and New Zealand’s Tenzing.
US equity firm Thoma Bravo has made a US$3.9 billion acquisition bid for Sophos, with the cyber security solutions vendor’s board unanimously recommending the offer.
Australian-founded software powerhouse Atlassian has entered into an agreement to acquire enterprise agile planning software provider AgileCraft in a deal valued at US$166 million.
Deloitte has acquired Converging Data Australia, a Sydney-based risk consulting business with expertise in Splunk technologies.
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