In other 2022 deals, R Systems International, a provider of IT and big data analytics, was acquired by private equity firm Blackstone for $183.9M at 1.9 times revenue to grow its customer experience service line.
In August, Australia-based Transpire Technology was acquired by Brazil-based IT services company CI&T for $16.1M at 1.5x revenue to accelerate growth in the APAC region.
MST Solutions, a provider of Salesforce-based consulting and systems integration services, was acquired by digital engineering and cloud transformation company Mastek for $76.6M at 2.6x revenue to grow its customer experience service line.
Renewable energy and specialty civil construction company Infrastructure and Energy Alternatives was acquired by construction company MasTec for $680M. This acquisition will help Mastec expand green power construction and maintenance capacity.
The largest megadeal so far this year was the acquisition of colocation datacenter provider Switch by Digital Bridge for $8.4B at 17.6x revenue.
ManTech International was taken private by Carlyle Group for $3.9B at 1.7x revenue.
In August, transaction processing and integration services firm Computer Services was acquired by Bridgeport and Centerbridge for $1.6B at 4.7x revenue.
Microsoft acquired Miburo, a cyber threat analysis and research company specializing in the detection of and response to foreign information operations. The new analysts from Miburo will enable Microsoft to expand its threat detection and analysis capabilities to address new cyberattacks from foreign actors.
Cybersecurity, privacy and compliance firm CynergisTek was acquired by Clearwater Compliance, a healthcare focused cybersecurity, compliance, and risk management solutions firm for $17.7M at 1.1x revenue. Merging Clearwater and CynergisTek as a private company, will allow the combined entity to be more agile and flexible.
Parsons acquired critical infrastructure and cybersecurity services company Xator Corporation for $400M. The strategic acquisition expands Parsons’ presence in the U.S. and opens new customer access at the Department of State, which is expected to experience significant budgetary growth.
