Key Transactions

5G Networks acquired Security Shift Group

Announced: January 2024 Deal Value: $2.6M

Australian company 5G Networks completed the acquisition of cybersecurity consultancy and end-to-end managed services company, Security Shift Group, for $2.6 million. This strategic move is poised to facilitate the expansion of services to its extensive portfolio of corporate clientele. 

5G Networks acquired Security Shift Group 5G Networks acquired Security Shift Group

Alivia Analytics acquired SourcEdge Solutions

Announced: February 2024

In February, Alivia Analytics acquired healthcare systems modernization services company SourcEdge Solutions to empower healthcare payers with an end-to-end claims solution. 

 Alivia Analytics acquired SourcEdge Solutions  Alivia Analytics acquired SourcEdge Solutions

Software Mind acquired Number8

Announced: March 2024 Deal Value: $40M

Polish buyer Software Mind acquired Number8 for $40 million, with a similar rationale of bolstering their teams with diverse expertise and expanding their market presence.    

Software Mind acquired Number8 Software Mind acquired Number8

EPAM acquired Vates

Announced: March 2024

EPAM acquired the Argentina-based IT services company Vates, aiming to expand its reach in Latin America. 

EPAM acquired Vates EPAM acquired Vates

Calian Group acquired Decisive Group

Announced: November 2023 Deal Value: $54.4M ​

In Canada, the Calian Group acquired IT infrastructure and cybersecurity services company Decisive Group for $54.4 million. This acquisition fortifies Calian's IT and cybersecurity services for diverse clients, further supporting its global growth initiatives.

Calian Group acquired Decisive Group Calian Group acquired Decisive Group

GlobalLogic acquired Katzion Technology Solutions

Announced: December 2023

Later in December, GlobalLogic, a Hitachi company, acquired Katzion Technology Solutions, an Australian-based IT services provider for businesses in the automotive sector.

GlobalLogic acquired Katzion Technology Solutions GlobalLogic acquired Katzion Technology Solutions

GSTechnologies acquired Semnet

Announced: December 2023 Deal Value: $1.8M ​

In December, the Australian company GSTechnologies acquired the Singapore-based AI-driven cybersecurity integration firm Semnet for $1.8 million, reinforcing its cybersecurity capabilities and securing the Neobank ecosystem worldwide, in line with the company's dedication to fintech innovation.

GSTechnologies acquired Semnet GSTechnologies acquired Semnet

Mega Deals

Endava acquired GalaxE

Announced: February 2024 Deal Value: $375M

In February, British software development company Endava made a significant move, acquiring American IT and consulting services firm GalaxE for $375 million. This acquisition of GalaxE by Endava is poised to amplify Endava's North American footprint, enrich its expertise in the US healthcare market, establish delivery operations in India, and fortify platform capabilities for digital transformation. 

Endava acquired GalaxE Endava acquired GalaxE

First Advantage acquired Sterling Check

Announced: February 2024 Deal Value: $1.5B

In February, the employment background screening and verification SaaS company First Advantage acquired Sterling Check for $1.5 billion, aiming to expand its portfolio and customer base, thereby enhancing its market position and fostering long-term growth.

First Advantage acquired Sterling Check First Advantage acquired Sterling Check

Bain Capital Private Equity acquired Guidehouse

Announced: November 2023 Deal Value: $5.3B

In November IT consulting services for businesses and public sector company Guidehouse was acquired by private equity firm Bain Capital for $5.3B.

Bain Capital Private Equity acquired Guidehouse Bain Capital Private Equity acquired Guidehouse

Growth and Exit Consulting

If you are aiming to learn about the key deals and valuations for data seurity companies, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.