M&A Appetite for IT & Tech-Enabled Services Remains Voracious

August 26, 2021

IT & Tech-enabled Services remain attractive investment targets in the second half of 2021 due in part to the following:

  • Tech-enabled services businesses are highly scalable and efficient, with strong recurring revenue models and operating leverage.
  • As the shift to a digital economy accelerates, businesses across all sectors of the marketplace are driven to adopt technology in new and innovative ways.
  • Utilizing technology to improve innovation can create new revenue for businesses, which implementation continues to gain momentum.

RECENT EXAMPLES OF IT AND TECH-ENABLED DEALS

  • Private equity-backed IT advisory firm Upstack announced its sixth acquisition of the year, buying CloudAdvise, a technology infrastructure advisory firm.
  • Vehicle Tracking Solutions (VTS) announced a $70 million investment from LLR Partners to help accelerate growth for IntelliShift, a division of VTS, by fueling innovation, expansion in North America and an enhanced focus on the customer experience for digitizing and transforming fleet and safety management.
  • UPSTACK, a fast-growing platform that transforms the buying experience for businesses seeking cloud and internet infrastructure solutions, announced that it has acquired PacTech Partners, a network and communications consulting firm serving large enterprises.
  • Core BTS, an award-winning IT and managed services provider, acquired Aptera Software, a Fort Wayne, Indiana-based software development company, specializing in the Microsoft stack.
  • SilverSky, an MSSP and managed detection and response (MDR) provider, purchased Advanced Computer Solutions Group (ACSG) to expand further into the education vertical and cybersecurity services for schools.
  • Managed cloud provider Syntax, backed by private equity firm Novacap, has acquired SAP systems integration and management consulting firm Illumiti.
  • MeetingPlay, a pioneer in hybrid event technology, has received a $75 million investment from Sunstone Partners, a growth-oriented private equity firm focused on software and tech-enabled services companies.
  • Modern Campus, the higher education industry’s leading modern learner engagement platform, acquired Presence, a premiere campus engagement and learning platform for higher education institutions.  The acquisition extends Modern Campus’s learning partners to more than 1,400 colleges and universities across North America and enables each to serve their students with a massively personalized experience throughout the “learner to earner” journey.


TECHNOLOGY CONNECTIONS TO PROVIDE INNOVATIVE FINANCIAL SOLUTIONS

We've proudly served a number of market segments within the technology industry, including:

  • IT Consulting Services
  • Cloud Software & Services
  • Security/Compliance
  • Software-as-a-Service ("SaaS")
  • Internet & Digital Media
  • E-Commerce
  • Business Intelligence
  • Managed Services
  • Transaction Processing
  • Mobile/Wireless
  • Internet of Thing/Machine to Machine
  • Telecommunications

In today's fast-paced and growing technological world, it is important more than ever to have advisors who are at the forefront of the industry. Taureau Group understands the unique needs of companies looking to capitalize on change within the highly sophisticated and integrated technology industry, whether it's intellectual property or physical assets.

Our principals work alongside company owners and founders to support their objectives, and develop and execute strategies.

To learn more about how Taureau Group can help, contact us today.

 
ANDREW SANNES
Managing Director
Technology & Business Services Lead
312.420.2134
as@taureaugroup.com