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.
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.
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, Parsons acquired Altamira for $330 million. Altamira provides contract engineering and analytic services for government, military, and defense customers. The deal reflects ongoing demand for specialized government-focused IT and engineering capabilities tied to mission-critical and defense-oriented programs.
In February, Abry Partners acquired KORE for $726 million. KORE provides IoT solutions and services, supporting connected device management and related enterprise connectivity needs. The deal highlights continued investor interest in scaled, technology-enabled service platforms with recurring infrastructure-oriented capabilities.
