In May, Tomoro AI, a UK-based provider of AI consulting and engineering services, was bought by OpenAI. The acquisition adds AI strategy, custom software development, and enterprise AI adoption capabilities to OpenAI’s platform, underscoring continued strategic interest in services firms that accelerate enterprise adoption of generative AI. 

In May, Fractional AI, a provider of custom AI software development services, was sold to Anthropic. The transaction adds custom AI development and workflow automation capabilities to Anthropic’s AI platform, reinforcing demand for services that help enterprises operationalize AI in real-world workflows. 

In May, TAO Digital was picked up for $130 million at 2.8x revenue by Cyient, highlighting continued buyer interest in AI-driven digital transformation and IT services. The acquisition adds AI-driven digital transformation, cybersecurity, data analytics, IAM, and cloud capabilities to Cyient’s engineering-led IT services offering. 

Also in March, Infosys acquired Stratus Technology Services for $95 million, highlighting ongoing buyer interest in vertical-specific IT consulting. Stratus brings property and casualty insurance expertise across modernization, cloud migration, and data transformation, further strengthening Infosys’ industry-focused services offering.

In March, NTT DATA acquired NCR Commerce’s bank technology solutions in Japan, reflecting continued demand for specialized financial services IT capabilities. The transaction adds expertise in lending, foreign exchange, and branch systems, strengthening NTT DATA’s offering to financial institutions.

FUJIFILM Holdings acquired ETG Global Information Technology Services, underscoring growing demand for AI adoption and enterprise technology support. The transaction expands FUJIFILM’s reach in AI-related services and reinforces interest in next-generation digital transformation platforms.

In February, Yokogawa acquired Intellisync and Wisnam, highlighting strategic interest in technology-enabled industrial and energy services. The deal adds cybersecurity, energy management, and digital transformation capabilities, strengthening Yokogawa’s position with industrial and energy customers.

In January, Astreya was pocketed for $600 million by Cognizant. Astreya provides AI-native managed IT services, and the transaction underscores continued buyer focus on managed services platforms that combine enterprise IT support, automation, and next-generation service delivery capabilities. 

In April, Mindsprint was acquired for $761 million at 2.8x revenue by Wipro. Mindsprint provides IT and digital transformation services, and the acquisition expands Wipro’s capabilities in technology-enabled services while reinforcing strategic demand for large-scale digital transformation platforms. 

In June, Interplex was purchased for $850 million at 2.2x revenue by BizLink. Interplex provides custom interconnect and mechanical systems manufacturing services, and the deal highlights continued buyer appetite for scaled, specialized contract manufacturing, and design capabilities tied to enterprise technology infrastructure.