IT Services Acquisitions in 2024

World Wide Technology (WWT) completed its acquisition of Softchoice Corporation pursuant to a plan of arrangement, acquiring all outstanding Softchoice shares for C$24.50 per share (C$1,478,242,241 aggregate, ~US$1.3B). The deal expands WWT's software, cloud, cybersecurity and AI capabilities and broadens its presence in Canada and the North American SMB and commercial markets; Softchoice will operate as a WWT company with Andrew Caprara remaining as CEO.

OMERS Private Equity has acquired a majority stake in Integris, a national managed IT services provider, from Frontenac. The deal (terms undisclosed) positions OMERS to enter the MSP sector and to support Integris' continued expansion through organic growth and strategic add-on acquisitions; Integris is headquartered in Cranbury, New Jersey and employs over 600 people nationwide.

Guardian Capital Partners, an operationally focused private equity firm, has acquired Team LINX in partnership with the LINX executive management team. LINX, headquartered in Denver, provides technology infrastructure services for data centers and mission-critical applications across healthcare, financial services, education and other end markets; MidCap Financial provided financing for the transaction.

Aurionpro Solutions Limited has acquired Fenixys, a Paris-based capital markets consulting firm, in an all-cash deal valued at €10 million. The acquisition strengthens Aurionpro's banking and fintech offerings and expands its footprint into Europe and the Middle East by adding Fenixys' MUREX and capital markets advisory capabilities.

Trace3 has acquired Denver-based Zivaro to expand its government, public sector and critical infrastructure capabilities and will create a new Trace3 Government vertical. Zivaro will operate as "Zivaro, a Trace3 Company" in the near term and full integration is expected in Q2 2025; financial terms were not disclosed.

Align Capital Partners, a growth-oriented private equity firm, has acquired ISPN Network Services, a managed IT services provider serving broadband fiber and internet operators. ISPN founders Jeff Neblett and Scott Lauber will remain in leadership as the firm pursues expanded service lines and M&A to support growth in suburban and rural broadband markets.

Evergreen (via its MSP arm Lyra Technology Group) acquired three UK-based managed service providers — ITBuilder, Certum and CIS Ltd. — which will operate independently under Lyra to expand Evergreen's UK MSP footprint. Financial terms were not disclosed; the deals increase Evergreen's UK holdings and follow prior 2023 acquisitions as part of a buy-and-hold strategy.

Ideal Integrations, a Pittsburgh-based managed services and cybersecurity provider, has completed the acquisition of 1Path, an Atlanta-based managed IT services provider, creating a nationwide managed services platform. The deal, completed with involvement from Frontenac (which has supported Ideal through a prior recapitalization), expands Ideal's cybersecurity capabilities and broadens the combined organization's managed services and cloud offerings.

DOCUmation, a privately-held Texas technology solutions provider based in San Antonio, has acquired PopSmart Technologies, LLC USA, a Farmers Branch, Texas provider of Kyocera, RISO and Xerox toner products and managed print/document solutions. The deal expands DOCUmation’s presence across Texas and augments its managed print, IT and document management capabilities; PopSmart’s Mexican customers will remain with the existing PopSmart service team.

Evergreen, a holding company for managed IT services, has acquired CT Group, a Perth-based managed service provider serving the professional services sector. The deal expands Evergreen's presence in Australia (its eighth acquisition in 2024) and the business will be managed regionally by Lyra Technology Group to support growth across ANZ.

Broad Sky Partners has acquired Frontline Managed Services, a global provider of managed IT and revenue cycle management solutions for the legal industry, from BV Investment Partners (which will remain involved as a minority investor). The investment will fund Frontline's strategic growth, technology investment and continued expansion of its managed services for law firms worldwide; terms were not disclosed.

Pomeroy Technologies, LLC has completed its acquisition and integration of Soroc Technology, a Woodbridge, Ontario–based full-service IT solutions provider. The deal expands Pomeroy’s North American footprint and service delivery capabilities, creating a combined organization with enhanced infrastructure, talent and managed-service offerings to better serve enterprise and mid-market clients.

Focus Group has acquired three UK technology businesses — TMAC (mobile solutions), Contact Systems (cloud CCaaS) and Prism (managed services and cybersecurity) — to broaden its communications, cloud IT and cybersecurity capabilities. The deals expand Focus Group's service offering to SMEs and strengthen its customer experience and managed services capabilities across the UK.

Datavail, a CIVC Partners portfolio company, has acquired Adjacent Solutions, a Richardson/Dallas-based Oracle consultancy, to expand Datavail's Oracle application managed services, cloud modernization, and licensing capabilities. Terms were not disclosed; the bolt-on strengthens Datavail's Oracle-focused service offerings and client support across cloud and on‑premises environments.

Ness Digital Engineering has acquired Raja Software Labs (RSL), a Silicon Valley–based product engineering firm specializing in high-volume mobile, web and IoT applications, to strengthen Ness's product engineering and TMT capabilities. RSL's management team, led by CEO Raja Venkataraman, will join Ness; Avendus Capital acted as exclusive financial adviser to RSL. Ness is a portfolio company of KKR, which supports its M&A strategy.

Atlanta-based private equity firm ASH Investment Partners has invested in FortyAU, a Nashville-headquartered digital services firm specializing in custom software engineering, data science, AI, and strategy & design for healthcare and other regulated industries. The investment will support FortyAU's growth and expansion into key end markets; FortyAU will serve as ASH IP's second platform from its $150M digital services fund.

Service Express, a Grand Rapids-based data center and infrastructure solutions provider, has acquired Mid-Range, a managed infrastructure and cloud services provider based in the Greater Toronto Area. The acquisition expands Service Express' presence in Canada and augments its service offerings with Mid-Range's managed infrastructure, cloud hosting, colocation and JD Edwards ERP capabilities.

EPAM Systems completed the acquisition of First Derivative, a Northern Ireland–headquartered managed services and consulting firm focused on capital markets, bringing approximately 1,800 employees into EPAM. The deal strengthens EPAM’s AI, data and financial-services delivery capabilities across North America, Europe and APAC and closed after customary regulatory clearances (Stone Key Partners and Faegre Drinker served as advisors).

CDW has acquired Mission Cloud Services Inc., a US-based AWS Premier Tier partner and cloud managed services provider, from Great Hill Partners. The acquisition strengthens CDW's cloud, security and AI capabilities by establishing Mission as CDW's dedicated AWS practice and expanding CDW Digital Velocity's cloud services footprint.

Alithya Group Inc. has acquired XRM Vision for up to C$35 million in a mix of cash, Alithya Class A shares and a potential earnout. The deal brings about 85 Microsoft-focused CRM and Project Portfolio Management specialists into Alithya, expanding its Microsoft Dynamics 365, Power Platform and smart-shoring capabilities across Canada and Morocco.

Centric360, an investment vehicle owned by Pamela Farrell and Brian Larkin, has acquired HCS, a Waterford‑headquartered Irish managed services provider. The deal includes purchase of HCS's headquarters and plans for further investment in 2025 to expand the service portfolio, grow the team and target larger enterprise customers.

Bluewave Technology Group, a technology advisory and sourcing firm based in San Clemente, California, has acquired Comtel Group, Inc., a Needham, Massachusetts-based telecom advisory firm. The acquisition expands Bluewave's Northeast footprint and adds Comtel's client base and vendor advisory capabilities across network, cloud, CX and security.

Arctiq has acquired Summit Partners, an IT consulting and value‑added reseller headquartered in Las Vegas, Nevada. The deal expands Arctiq’s presence across the U.S. West and bolsters its capabilities in managed security, data & AI, IT modernization, and hybrid cloud services.

Blue Mantis, a PE‑backed managed services and cybersecurity provider, has acquired Colligio, a Cisco‑focused unified communications, networking and security solutions firm headquartered in Walpole, Massachusetts. The acquisition launches a new Collaboration/Unified Communications Practice led by Colligio founder Sean Kelley and expands Blue Mantis’ collaboration, networking and Cisco capabilities across its Northeast client base.

NETRIO and SUCCESS Computer Consulting acquired PCA Technology Group, an IT services firm based in Buffalo, New York, to expand managed IT, custom application development and MSP services for small- and mid-market clients. The deal strengthens the combined company's application development capabilities and Western New York presence as it scales its national MSP footprint.

Integral Federal has acquired Reston-based IT solutions firm Pragmatics, LLC to broaden its mission-critical support for national security customers. The deal adds Pragmatics' expertise in agile development, DevSecOps, cloud and other digital solutions to Integral's capabilities, enhancing its ability to deliver integrated services to federal defense, intelligence and civilian agencies.

Tria Federal, a Sagewind Capital-backed technology and advisory services provider, has acquired Softrams to expand its digital transformation and system modernization capabilities for federal health and public safety agencies. The acquisition positions Softrams as the core of Tria's new Public Health business unit and adds over 650 technical professionals to the combined organization, creating a scaled provider supporting more than 20 federal agencies.

Apax Partners’ funds completed the acquisition of Thoughtworks for approximately $1.75 billion, taking the company private at $4.40 per share (a 48% premium to the 30‑day VWAP). Thoughtworks will no longer trade on NASDAQ and will operate as a privately held company as it focuses on long‑term strategy and expanding its AI‑enabled software and data engineering services.

IT Solutions Consulting, a Philadelphia-based managed service provider, has acquired PACE Technical, a Toronto-based outsourced IT services provider, marking IT Solutions' first expansion into Canada. The deal will expand IT Solutions' managed services footprint and strengthen its offerings for legal, healthcare, and other commercial clients with enhanced local presence and cybersecurity capabilities.

Beringer Capital has completed its inaugural Fund V investment by taking a strategic stake in Northern Commerce, a London, Ontario-based digital transformation consultancy. The partnership will support Northern's capability expansion, geographic growth across North America, and a continued add-on acquisition strategy; terms were not disclosed and Canaccord Genuity advised Northern.

Worklyn Partners, a holding company focused on cybersecurity and IT services, has acquired Salem, New Hampshire-based IT Management Solutions (ITMS). The add-on expands Worklyn's New England footprint and capabilities in managed IT, cloud services, and cybersecurity as part of its integrated platform of IT and security vendors.

The Select Group (TSG), a Raleigh-based technology consulting firm, has acquired Bluehawk Consulting, a Washington-based technology and business consulting firm. The acquisition expands TSG's capabilities and geographic footprint in the Pacific Northwest while bolstering its end-to-end technology consulting and managed services offerings for enterprise clients.

Zennify, a data-first technology consultancy, has acquired Terazo, a Richmond-based digital engineering firm, to expand its AI, data engineering, and platform modernization capabilities for regulated industries. The deal combines Zennify's Salesforce and regulated-industry expertise with Terazo's strengths in data engineering, APIs, and AI to deliver broader enterprise-scale data and AI solutions.

Presidio, a technology services and solutions provider, has acquired a majority stake in Contender Solutions, an Elite ServiceNow partner. The deal expands Presidio's ServiceNow consulting, implementation and managed-services capabilities to better support customers' IT operations and platform consumption.

KKR, through an Offeror owned by funds it manages (FK Co., Ltd.), will commence a second-stage tender offer for FUJI SOFT Inc. at ¥9,451 per share after acquiring ~33.9% in a first-stage offer. FUJI SOFT's board has unanimously recommended shareholders tender into the second offer; KKR says the privatization will allow it to work with management to enhance corporate value.

Emoeba Group has acquired Traction Consulting Group, a CRM and ERP solutions provider founded in 1999. The transaction, facilitated by IT ExchangeNet, brings Traction's Microsoft, Salesforce and Odoo expertise into Emoeba's roll-up strategy to expand its digital transformation and consulting capabilities.

HTEC, a San Mateo-based digital product development and engineering company, has acquired Munich- and Granada-based eesy-innovation, an end-to-end IoT and embedded hardware/software engineering firm. The deal strengthens HTEC's embedded, IoT and AI capabilities and expands its footprint in the EU, particularly the DACH region.

Intelligent Technical Solutions (ITS), a portfolio company of Tower Arch Capital, acquired Sacramento-based managed service provider Afineol IT Consulting from owners Michael and Margaret Strong. The add-on strengthens ITS’s Sacramento footprint and expands its managed IT and cybersecurity offerings; financing was provided by Deerpath Capital and terms were not disclosed.

Visionet Deutschland GmbH, a subsidiary of Visionet Systems Inc., has acquired Rödl Dynamics GmbH (an affiliate of Rödl & Partner) to strengthen Visionet’s local presence in Germany and expand its Microsoft Dynamics ERP/CRM and BI capabilities across Europe. The deal brings an experienced onshore Microsoft consulting team into Visionet’s European operations, supporting the company’s broader growth and digital-transformation offerings.

Accenture has acquired Allitix, an Irvine-based consulting and technology firm specializing in Anaplan implementations across finance, sales and supply chain. The deal adds 73 employees (including over 60 Anaplan professionals) and strengthens Accenture's connected enterprise planning capabilities to help clients standardize planning practices and accelerate data-driven decision-making.

Zaelab, a Westport-based digital transformation provider for B2B companies, has acquired Trellis, a Malden-based eCommerce and digital marketing agency. The acquisition adds Trellis’ expertise in D2C and marketplace channels plus UX and platform capabilities (Shopify, BigCommerce, Adobe Commerce), broadening Zaelab’s full-service digital commerce offerings.

Renovus Capital Partners has made a majority (control) investment in Performive, a managed IT services provider focused on cloud, infrastructure, and cybersecurity for mid-market enterprises. The capital will be used to accelerate product innovation, enhance customer experience, build the team, and pursue add-on acquisitions as Performive becomes Renovus' first platform from its Renovus IV fund.

Evergreen, a San Francisco-based holding company for managed IT services and software businesses, has acquired two managed service providers: PCG IT and Netranom. The acquisitions are add-on deals as Evergreen expands its MSP platform toward a milestone of 100 MSPs while preserving the companies' cultures and operational continuity.

Sea Pine Equity Partners recapitalized Hi-Tek Data Holdings LLC, a Syosset, New York–based managed IT services provider. The transaction was completed in partnership with Hi-Tek Data CEO Adam Hartley and was supported by investments from Harbert Credit Solutions, Route 2 Capital Partners and SharpVue Capital; Hi-Tek Data will continue operating under its brand and pursue accelerated organic growth and acquisitions.

Cyber Advisors, a Minnesota-based cybersecurity and managed IT provider, has acquired eDot, a Schaumburg, Illinois-based managed service provider. The deal expands Cyber Advisors' Midwest footprint (Chicago and Southern Wisconsin) and strengthens its managed IT and cybersecurity capabilities for small and mid-sized business clients.

CrossCountry Consulting has acquired SCS Cloud to expand its NetSuite and cloud-based ERP capabilities. The acquisition brings SCS Cloud’s team of 100+ NetSuite specialists into CrossCountry, strengthening its ERP services and expanding its presence in Florida and the U.K.

Novatech, the Nashville-based nationwide Managed Office provider and a Trivest Partners portfolio company, acquired Carolina Business Equipment (CBE) in July 2023 and completed a full rebrand/operational integration under the Novatech name effective November 1, 2024. The acquisition expands Novatech's managed office footprint and capabilities—adding CBE's managed IT and print offerings and regional customer relationships in the Carolinas.

Aspire Technology Solutions, backed by private equity firm LDC, has acquired Leeds-based managed service provider CloudCoCo Limited. The add-on expands Aspire's UK footprint and service capabilities—adding over £10 million of revenue, ~300 customers and a skilled team to strengthen managed IT, cloud, unified communications and cybersecurity offerings.

ATSG, a RunTide Capital-backed managed services platform, has completed a combination with Evolve IP, with ATSG retaining a controlling majority. Investment funds managed by Morgan Stanley Private Equity Secondaries, through a vehicle managed by RunTide Capital, provided equity financing for the transaction; the combined company will have more than $230 million in revenue and serve approximately 1,700 customers and 950,000 end-users.

Improving, a Texas-based digital services and consulting firm, has acquired Leniolabs, a software development company that leverages nearshore talent in Chile and Argentina and operates a development center in Spain. The acquisition establishes Improving’s presence in South America, is expected to push Improving’s annualized revenue above $265 million, and will keep Leniolabs’ leadership team in place to continue growing the business.