Key Transactions

Also in May, IBM acquired Japan-based cloud development company SkyArch Networks, enhancing IBM's AWS expertise and supporting cloud transformation efforts in Japan. 

In May, BCS acquired engineering and related IT services company Allegient Defense for $8.5M, creating a larger entity focused on energy and defense programs. 

Also in April, German engineering and vehicle development company in-tech was acquired by Indian global IT services provider Infosys, strengthening its engineering R&D capabilities and expanding its expertise in the German automotive industry. 

In April, Deloitte acquired all the assets of Gryphon Scientific Business, enhancing its biosafety, biosecurity, and AI-driven public health capabilities.

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. 

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

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.  

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

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.

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