Key Transactions

Tech giant Accenture announced the acquisition of Oakland-based management consulting services firm Future State, for $45M.

Happiest Minds Technologies acquired US-based Pimcore Global Services for $8.25 million. The acquisition will help create greater digital capital for customers and facilitate onboarding more customer logos of strategic consequence.

Luxembourg-based Globant acquired Spanish cloud and digital transformation services company Grupo Assa for $62M to broaden its expertise in Life Sciences, CPG, Manufacturing and Logistics. With this acquisition, Globant broadens its expertise in Life Sciences, CPG, Manufacturing and Logistics.

GlobalSCAPE was picked up by HelpSystems to augment its data security business, valuing the company at about $178M, 5.4 times revenue. Globalscape's cloud-based and on-premise solutions that help organizations secure movement, automation, and integration of data both in and out of the cloud would augment HelpSystems' data security business.

In August, Bain Capital acquired HSO Group for $1 billion. HSO is a leading Microsoft-partnered digital transformation services provider with expertise in business and AI transformation, cloud and AI application integration and enterprise support. The deal underscores strong private equity interest in scalable IT services platforms, particularly those closely aligned with Microsoft’s enterprise ecosystem.