Drake Star Global Digital Services team is pleased to present the Q2 2023 Digital Services Report. Digital Transformation remained at the top of IT agendas in Q2, with a strong appetite from the buyer community for Digital Services assets with resilient business models enabled by disruptive technologies & service offerings.
Download the report for a comprehensive view of M&A activity and insights across Digital Transformation; Cloud Migration; Tech-enabled Services; Security Services; and Business Intelligence & Data Analytics.
All sub-verticals saw significant deal-making activity with 290+ M&A deals & $2.3 billion+ disclosed and 250+ fundraises & $3.4 billion+ disclosed in Q2 2023, including:
• NexusTek transacted with ICCS for an undisclosed amount, advised by Drake Star Partners
• Globant acquired Pentalog for an undisclosed amount
• Ricoh acquired PFH Technology Group for an undisclosed amount
• Evroc raised an undisclosed amount of seed capital from EQT Ventures and Norrsken VC
• Sourcepass raised $65 million of development capital from Metropolitan Partners Group
• Labrys raised an undisclosed amount of venture funding from MD One Ventures and Offset Ventures
Much more in the full report: Download below.