GFT Technologies Agrees to Acquire SAP Specialist Megawork in Brazil

GFT Technologies SE Acquires Sophos Solutions from Advent International

January 25, 2024

IT Services

GFT Technologies SE agreed to acquire 100% of Colombia-based core banking specialist Sophos Solutions S.A.S. from Advent International, expanding GFT’s core banking, AI and cloud modernisation capabilities and boosting its presence across Latin America. The deal adds roughly 1,700 employees to GFT (increasing headcount by almost 20%) and positions GFT among the top three banking IT services providers in Latin America; the transaction was expected to close in early February 2024.

Applexus Technologies Acquires Absoft Limited

May 30, 2024

IT Services

Applexus Technologies, a Seattle-area SAP consulting firm, has acquired Absoft Limited, a UK-based SAP implementation and managed services provider. The deal strengthens Applexus' SAP capabilities and expands its presence in the UK and Europe, creating a combined organization with broadened S/4HANA, analytics, cloud and managed-service offerings.

McKinsey & Company Acquires S4G Consulting

May 3, 2022

Consulting

McKinsey & Company has acquired Madrid-based S4G Consulting, a Salesforce Platinum Partner that specializes in Salesforce CRM implementations and digital commerce transformation. The deal expands McKinsey's capability in rapid Salesforce implementation and tech-enabled CRM services to accelerate end-to-end growth transformations for clients.

Galanthus Partners Acquires Projetech Inc.

February 25, 2022

Cloud & SaaS

Galanthus Partners has acquired Projetech Inc., making the IBM Maximo cloud specialist an independently operated, wholly-owned subsidiary. The acquisition strengthens Galanthus's strategy to become a leading global provider of cloud-delivered IBM Maximo and is intended to support Projetech's continued growth and development of innovative Maximo solutions for customers across commercial and public sectors.

Fabasoft AG Acquires Majority Stake in 4teamwork AG

September 2, 2022

IT Services

Fabasoft AG signed a purchase and participation agreement to acquire a majority stake in Swiss software and technology company 4teamwork AG. Upon full implementation (including share purchases, a capital increase, and a merger into Fabasoft Schweiz AG), Fabasoft is expected to hold 70% of the shares in the newly structured Fabasoft 4teamwork AG, with former CEO Dr. Pascal Habegger retaining 30%.

Accenture Acquires SKS Group

February 16, 2023

Consulting

Accenture has completed its acquisition of SKS Group, a Germany-based consulting firm that helps banks across Germany, Austria and Switzerland modernize technology and meet regulatory requirements using SAP S/4HANA. Approximately 500 SKS Group professionals join Accenture Technology; financial terms were not disclosed.