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.
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 March, Infosys acquired Optimum Healthcare IT for $465 million at 1.7x revenue. Optimum Healthcare IT is a ServiceNow-partnered digital transformation and consulting services provider. The acquisition strengthens Infosys’ healthcare IT capabilities and expands its position in enterprise workflow modernization and digital transformation services.
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.
In July, Capgemini acquired WNS for $3.5 billion at a 2.8x revenue multiple. WNS provides business process outsourcing services globally, including analytics, customer experience management, finance and accounting and GRC services. It also offers AI-based omni-channel customer engagement software. The acquisition significantly enhances Capgemini’s outsourced IT services capabilities, strengthening its position in global BPO and digital customer engagement.
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.
In February, Mainline Information Systems acquired IT servics provider Converge Technology Solutions for $793 million, expanding its U.S. presence and enhancing its cloud, AI and cybersecurity services.
In March, nVent Electric acquired the electrical products group business of Avail Infrastructure Solutions for $975 million at a 2.6x revenue multiple. The business manufactures custom electrical systems—including enclosures, switchgear and bus systems—for utilities, datacenters, OEMs, and EPCs across North America. The acquisition enhances nVent’s industrial electrification and infrastructure capabilities.
