IT Services Divestitures in 2021
Acquisition Volume in IT Services Divestitures in 2021 by Year
Last 5 years
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December 31, 2021
- Buyer
- Variant Equity Advisors (affiliate)
- Target
- CompuCom
- Seller
- The ODP Corporation
- Industry
- IT Services
- Location
- South Carolina, United States
- Type
- Divestiture
An affiliate of Variant Equity Advisors has acquired CompuCom from The ODP Corporation. The transaction is a corporate divestiture that positions Variant to enter the managed services/digital workplace market and provides CompuCom with resources to expand its service offerings and market leadership.
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December 2, 2021
- Buyer
- Ascend Technologies, M/C Partners
- Target
- Stratosphere Networks Managed IT and Security Services division
- Seller
- Stratosphere Networks
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Divestiture
Ascend Technologies has acquired the managed IT and security services division of Stratosphere Networks in a carve-out that expands Ascend’s presence and managed services capability in the Chicago area. Stratosphere will retain its IT project, voice services and consulting businesses while Ascend — backed by private equity partner M/C Partners — onboards the transferred managed services staff and clients.
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December 1, 2021
- Buyer
- Accenture
- Target
- Headspring (consulting practice)
- Industry
- IT Services
- Location
- Texas, United States
- Type
- Divestiture
Accenture has acquired the consulting practice of Headspring, a cloud-native platform engineering and modernization firm based in Austin, Texas. The deal brings approximately 90 Headspring cloud experts into Accenture Cloud First to expand Accenture's platform engineering and cloud-native capabilities; terms were not disclosed.
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November 4, 2021
- Buyer
- Datavalet Technologies Inc.
- Target
- SecurEdge Networks (Managed Wi‑Fi / Managed Services Division)
- Seller
- SecurEdge Networks, LLC
- Industry
- IT Services
- Location
- North Carolina, United States
- Type
- Divestiture
Datavalet Technologies Inc. acquired the managed Wi‑Fi / managed services division of Charlotte-based SecurEdge Networks, expanding Datavalet's managed network services and U.S. presence. SecurEdge will retain focus on developing its Network as a Service (NaaS) platform while Datavalet will take over delivery, management and support of the acquired customers and services.
-
- Buyer
- Abacus Group
- Target
- ECHO Technology Solutions (IT services business unit)
- Seller
- ECHO Technology Solutions
- Industry
- IT Services
- Location
- California, United States
- Type
- Divestiture
Abacus Group has acquired the managed IT services business unit of ECHO Technology Solutions. The transaction brings ECHO's IT services employees and client relationships (largely venture capital and alternative investment firms) into Abacus to expand its scale and capabilities in the San Francisco market while ECHO's Salesforce consulting business remains independent under founder Sejo Jahic.
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November 1, 2021
- Buyer
- Enavate
- Target
- Columbus' U.S. SMB Business Unit
- Seller
- Columbus
- Industry
- IT Services
- Location
- United States
- Type
- Divestiture
Enavate has acquired the U.S.-based Microsoft Dynamics SMB business unit from Columbus, adding more than 50 team members and 1,400 clients to Enavate's Microsoft Dynamics SMB capabilities. Columbus said the divestment supports its strategic refocus on digital advisory and services for larger companies, while Enavate expands its Cloud ERP footprint in the U.S. SMB market.
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September 30, 2021
- Buyer
- ISC Group LLC
- Target
- Mosaic Technology Corporation (Direct Sales Division)
- Seller
- Mosaic Technology Corporation
- Industry
- IT Services
- Location
- New Hampshire, United States
- Type
- Divestiture
ISC Group LLC has acquired the direct sales division of Mosaic Technology Corporation, a Portsmouth, New Hampshire-based IT reseller and solutions provider. The deal expands ISC Group's offerings into hybrid, private and public cloud solutions and transfers existing product authorizations and service contracts from Mosaic's direct sales team.
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September 15, 2021
- Buyer
- Park Place Technologies
- Target
- Congruity360
- Seller
- Congruity360
- Industry
- IT Services
- Location
- Massachusetts, United States
- Type
- Divestiture
Park Place Technologies has acquired the third-party hardware maintenance, data migration services and new hardware sales assets from Congruity360. The asset purchase expands Park Place’s professional services and data migration capabilities for enterprise customers while Congruity360 retains its information governance and software business.
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- Buyer
- Cognizant
- Target
- Hunter Technical Resources
- Seller
- Hunter Technical Resources
- Industry
- IT Services
- Location
- Georgia, United States
- Type
- Divestiture
Cognizant has acquired the digital engineering assets of Hunter Technical Resources, a privately held IT staffing and digital engineering firm headquartered in Atlanta, Georgia. The asset purchase expands Cognizant's U.S. digital engineering talent network and strengthens its capabilities in full-stack development, machine learning, DevOps, systems architecture and data science.
-
- Buyer
- Netrix, LLC
- Target
- Managed IT Services business unit of Contegix, LLC
- Seller
- Contegix, LLC
- Industry
- IT Services
- Location
- Virginia, United States
- Type
- Divestiture
Netrix, LLC has acquired the Managed IT Services business unit of Contegix, LLC, expanding Netrix's managed services, ITSM service desk and cloud capabilities while broadening its geographic presence into the Northeast and Mid‑Atlantic. Contegix will focus on its Application Platform Services business following the divestiture.
-
- Buyer
- Business Integra Technology Solutions
- Target
- Aquila Technology Corp.
- Seller
- Zensar Technologies Inc., Zensar Technologies Limited
- Industry
- IT Services
- Location
- Massachusetts, United States
- Type
- Divestiture
Business Integra Technology Solutions has acquired Aquila Technology Corp., a wholly owned subsidiary of Zensar Technologies Inc., strengthening Business Integra’s capabilities and presence in the U.S. national security and government IT market. The deal, announced April 2, 2021, was advised by FOCUS Investment Banking and transfers Aquila’s government-focused IT and engineering services to Business Integra.
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- Buyer
- Mosaic Capital Partners, NuSource Employee Stock Ownership Plan (ESOP), Stellus Capital Management, LLC
- Target
- NuSource Financial, LLC
- Seller
- Tonka Bay Equity Partners
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Divestiture
Mosaic Capital Partners led an employee stock ownership plan (ESOP) to acquire NuSource Financial, a bank-technology and ATM/branch transformation provider headquartered in Eden Prairie, Minnesota, from Tonka Bay Equity Partners. Stellus Capital Management provided first-lien term loan financing and a structured equity co-investment to support the transaction; Pagemill Partners served as NuSource's financial advisor.
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February 24, 2021
- Buyer
- UST
- Target
- abhra, Inc. (ServiceNow business)
- Seller
- abhra, Inc.
- Industry
- IT Services
- Location
- Missouri, United States
- Type
- Divestiture
UST has completed the acquisition of the ServiceNow practice/business from abhra, Inc., expanding UST’s SaaS and ServiceNow implementation, integration and support capabilities. Kailash Attal, CEO & Managing Partner of abhra, joins UST to lead SaaS practice incubation and maturity initiatives, supporting greater customer adoption and value realization from SaaS investments.
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January 7, 2021
- Buyer
- Inflexion Private Equity Partners
- Target
- Digital Wholesale Solutions (DWS)
- Seller
- Oakley Capital Fund II, Daisy Group
- Industry
- IT Services
- Location
- England, United Kingdom
- Type
- Divestiture
Inflexion Private Equity Partners has agreed to acquire the Digital Wholesale Solutions (DWS) division from the Daisy Group, with Oakley Capital Fund II exiting its stake in DWS in full. Fund II will retain approximately a 10% stake in Daisy following the sale; completion is subject to regulatory approval.
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