The IT services sector operates within Houlihan Lokey’s Business Services Group, which has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services.

Global IT Services Coverage/Sharp Subsector Focus: Global IT services coverage, with 30+ senior bankers strategically positioned across eight countries to maximize exposure and optimize outcomes. Sharp subsector coverage of:

Combination of IT Services and Industry Vertical Expertise: Combining IT services expertise with Houlihan Lokey’s extensive end-market coverage of industries like healthcare and pharma, technology, financial services, consumer, and manufacturing creates a powerful value proposition for our IT services clients.

Strategic and Private Equity Buyer Experience: Houlihan Lokey has advised on 350+ IT services transactions, evenly spread across strategic and financial buyers.* We have a long-standing track record of selling businesses to the industry’s most recognized investors and strategic buyers.

Execution and Process Excellence: Houlihan Lokey ensures successful client outcomes through thoroughly executed, competitive processes. Our approach is characterized by stringent attention to detail and creative positioning, coupled with a deep understanding of our clients’ business models and key financial and operational metrics. Furthermore, we maintain competitive tension throughout each process to enhance outcomes for our clients.

Platform Capabilities: Houlihan Lokey has the ability to provide capital markets, transaction services, fund formation, and other services, which creates a one-stop-shop appeal.

*Selected transactions were executed by Houlihan Lokey professionals while at other firms acquired by Houlihan Lokey or by professionals from a Houlihan Lokey joint venture company.

Houlihan Lokey Advises Vates | March 2024

EPAM Systems, Inc., a leading digital transformation services and product engineering company, acquired Vates S.A., a multi-award-winning software development company with offices in Argentina and Chile. Vates will enhance EPAM’s software development portfolio and diversify its Latin America delivery capabilities. Vates is an established market leader that delivers end-to-end solutions for leading enterprise clients across multiple industries, including finance, healthcare, high-tech, media, and telecommunications. Since 1991, it has focused on technology research and innovation to provide services such as custom software development, application testing, digital consulting, system integrations, big data analysis, and IT maintenance and support. Vates’ global clients include Thomson Reuters, telecommunications giant Claro, and financial services provider Bancor. Houlihan Lokey acted as the exclusive financial advisor to Vates.

Software Mind Acquired number8 | March 2024

Software Mind, a global digital transformation partner with operations throughout Europe, the United States, and Latin America, acquired number8, an IT staffing and consulting firm. This is Software Mind’s fifth successful acquisition since 2021 and reflects the company’s dynamic expansion and backing from Enterprise Investors, one of the largest private equity firms in Central and Eastern Europe.

Accenture Acquired Mindcurv | March 2024

Accenture acquired Mindcurv, a cloud-native digital experience and data analytics company specializing in composable software, digital engineering, and commerce services for more than 200 clients worldwide. With this acquisition, Accenture Song—the world’s largest tech-powered creative group—further expands its commerce services for clients globally.

Endava to Acquire GalaxE | February 2024

Endava has entered into a definitive agreement to acquire GalaxE, a global IT and business solutions provider headquartered in New Jersey. GalaxE brings decades of experience serving customers in North America, significantly expanding Endava’s go-to-market and growth initiatives in the region.

Sparq Acquired Octobot | February 2024

Sparq, a portfolio company of Harvest Partners, acquired Octobot, a fast-growing nearshore digital engineering firm. This acquisition will expand Sparq’s digital product development services and nearshore delivery capabilities. Octobot deploys a nearshore delivery model with more than 90 resources across Uruguay, Argentina, and Colombia.

Xoriant Acquired MapleLabs | February 2024

Xoriant, a ChrysCapital company, acquired MapleLabs, a premier product engineering company, specializing in solving complex engineering challenges in the high-tech space. MapleLabs started a decade ago as a specialized product engineering firm serving Fortune 500 clients in the high-tech industry.

Contacts:

Digital Seattle Acquired by Intelligent Technical Solutions | March 2024

Intelligent Technical Solutions (ITS), a provider of IT managed services and portfolio company of Tower Arch Capital, has acquired Digital Seattle. The transaction expands ITS’ footprint within the Pacific Northwest and expands both companies’ expertise in IT, cybersecurity, and compliance.

5S Technologies Acquired by Ark Technology Consultants | March 2024

Ark Technology Consultants, a rapidly growing IT consulting and technology firm and portfolio company of Station Partners, has acquired 5S Technologies, a full-service professional and managed services company. The acquisition bolsters Ark Technology Consultants’ presence in the Carolinas.

Centered Acquired by Evergreen | March 2024

Evergreen, a family of leading managed IT services and software companies and portfolio company of Alpine Investors, has acquired Centered, a prominent managed services provider based in Canberra, Australia. With more than 70 successful MSP acquisitions, this deal marks Evergreen’s first investment in the Australian MSP space.

Manta HealthTech Acquired by Anatomy IT | March 2024

Anatomy IT, the leading platform for healthcare IT and cybersecurity solutions and portfolio company of Atlantic Street Capital, has acquired Manta HealthTech, a healthcare-focused managed service provider. The acquisition strengthens Anatomy IT’s reach in growing healthcare verticals like dental and optometry and adds enhanced services and broader product offerings.

SureCloud Cyber Services Acquired by Cyber Security Associates | March 2024

Cyber Security Associates, a cyber consultancy and managed services firm and division of FluidOne, has acquired SureCloud Cyber Services, a U.K.-based company with expertise in CREST and NCSC CHECK-certified penetration testing and specialist cyber risk consulting. The acquisition enhances Cyber Security Associates’ service offerings and provides its customers with a more comprehensive suite of cyber solutions.

MBS Secure and Salvus TG Acquired by The Purple Guys | March 2024

The Purple Guys, a leading provider of managed IT services and portfolio company of Kian Capital, has announced the acquisitions of MBS Secure and Salvus TG, two well-established MSPs in Texas and Kansas City. These latest acquisitions are part of The Purple Guys’ aggressive inorganic growth strategy, having acquired nine companies since 2020.

The 20 MSP Acquired Three New MSPs | March 2024

Leading managed IT services provider, The 20 MSP, has completed the acquisitions of three new MSPs: Drivetech (Massachusetts), Accurate Computer Solutions (Texas), and Blue Cactus Consulting (Arizona). With these deals closed, The 20 MSP has now made 30 MSP acquisitions since the platform was created, which indicates the company’s continued growth and momentum in the managed services space.

Contacts:

Houlihan Lokey Advises Spinnaker SCA | March 2024

Spinnaker SCA, a portfolio company of Black Lake Capital and Source Capital, LLC, has been acquired by Sapient Corp., a subsidiary of Publicis Groupe. Formed in 2021 through the merger of SCApath and Spinnaker, Spinnaker SCA offers a comprehensive suite of services aimed at enhancing the supply chain performance of its diverse customer base. The company’s technology expertise is deeply rooted in Blue Yonder, Kinaxis, and Manhattan Associates, three premier software providers focused on global supply chain solutions. Houlihan Lokey acted as the exclusive financial advisor to Spinnaker SCA.

Houlihan Lokey Advises Acuiti Labs | February 2024

Acuiti Labs, a London-based consultancy specializing in optimizing the quote-to-cash process, received an investment from Quilvest Capital Partners. Founded in 2014, Acuiti Labs employs more than 200 professionals and operates in North America, Europe, and Asia. The company focuses on advising large businesses on revenue management and billing processes, primarily utilizing SAP’s BRIM solutions. Quilvest’s investment will fuel Acuiti Labs’ global expansion, including headcount growth and technology investments. Houlihan Lokey acted as the exclusive financial advisor to Acuiti Labs.

H.I.G. Capital Signs a Definitive Agreement to Acquire Alight’s Payroll and Professional Services Business | March 2024

Alight, Inc., a prominent provider of cloud-based human capital technology and services, has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses to an affiliate of H.I.G. Capital for up to $1.2 billion. This collaboration will leverage its premium service offerings to deliver a compelling value proposition to clients.

Netgain Acquired SuperSync | March 2024

SuperSync, a provider of innovative cloud synchronization solutions tailored for NetSuite users, has been acquired by Netgain, a leader in NetSuite-native modern accounting solutions. This partnership expands Netgain’s support to CFOs, facilitating process streamlining, technology consolidation, and time savings for finance and accounting professionals.

ServiceNow Acquired Neuron7 | March 2024

Neuron7, the leader in AI for service resolution intelligence, announced that its partner, ServiceNow, has made a strategic investment in the company through ServiceNow Ventures. Neuron7 released Resolution Intelligence on the ServiceNow store, bringing value to joint customers across ITSM, CSM, and FSM workflows.

Court Square Capital Partners Completes Investment in Velosio | March 2024

Velosio, a leading provider of digital transformation services, managed services, and managed cloud subscriptions for the Microsoft Dynamics ecosystem, announced a strategic investment from Court Square Capital Partners, a middle-market-focused private equity firm with $7.7 billion in assets under management. At the time of the acquisition, Velosio had more than 450 resources across the United States, Canada, and India.

Contacts:

Houlihan Lokey Advises Elyan Partners | March 2024

Elyan Partners, a financial investment advisor and partner of Edmond de Rothschild Private Equity, has acquired STORDATA, a data architect and data security expert. Founded in 1988, STORDATA is a leading data infrastructure management and protection services provider, providing critical services in the architecture and maintenance of data management and security systems. Based in Versailles, the company has demonstrated solid growth in recent years, approaching €100 million in revenue. With the support of Elyan Partners, the company aims to accelerate organic growth, thanks to the strengthening of its cybersecurity and cloud expertise as well as external growth across Europe. Houlihan Lokey served as the exclusive financial advisor to Elyan Partners and assisted it throughout the transaction on both M&A and financing aspects.

LatentView Acquired Decision Point | March 2024

LatentView, a digital analytics consulting and solutions firm, has acquired Decision Point, an AI-enabled global analytics company and Microsoft partner based in India. The acquisition of Decision Point will bolster LatentView’s existing expertise in data engineering, data science, and data visualization, as well as consulting and advisory services for analytics and GenAI readiness.

Centroid Systems Acquired Intelletive | March 2024

Centroid Systems, a North American cloud service and technology company and portfolio company of VSS Capital Partners, has acquired Intelletive, a technology consulting firm based in Minnesota. The move solidifies Centroid’s position in the marketplace and drives its growth trajectory, expanding upon its DevOps, Kubernetes, AI, and ML expertise.

CBIZ Acquired CompuData | March 2024

CBIZ, a leading provider of financial, insurance, and advisory services, has acquired CompuData, a technology solutions provider based in Philadelphia. Founded in 1971, CompuData is a premier technology solutions provider for small and midsized organizations. With a specialization in Microsoft Azure, the company provides cloud, ERP solutions, IT security, and managed IT services to the financial services, construction, manufacturing, distribution, and technology sectors.

Summit Acquired Deft | February 2024

Deft, a managed data center service provider based in Illinois, has been acquired by Summit, one of the largest providers of virtual servers and cloud-based application hosting in the United States and Canada. The acquisition unites Deft’s robust data center and network services with Summit’s cloud hosting expertise, expanding the available data center footprint and portfolio of hands-on IT solutions for clients.

Contacts:

Houlihan Lokey Advises Vates | March 2024

EPAM Systems, Inc., a leading digital transformation services and product engineering company, acquired Vates S.A., a multi-award-winning software development company with offices in Argentina and Chile. Vates will enhance EPAM’s software development portfolio and diversify its Latin America delivery capabilities. Vates is an established market leader that delivers end-to-end solutions for leading enterprise clients across multiple industries, including finance, healthcare, high-tech, media, and telecommunications. Since 1991, it has focused on technology research and innovation to provide services such as custom software development, application testing, digital consulting, system integrations, big data analysis, and IT maintenance and support. Vates’ global clients include Thomson Reuters, telecommunications giant Claro, and financial services provider Bancor. Houlihan Lokey acted as the exclusive financial advisor to Vates.

Ramo Acquired Strat | March 2024

Ramo, a national company focused on solutions for small and medium-sized businesses and a partner of SAP, expanded its business in Latin America and announced the merger of its subsidiary in Peru with Strat, a Peruvian company and SAP partner.

FCamara Acquired Dojo | March 2024

FCamara closed its fifth acquisition in two years after taking control of Dojo, a data strategy company. The transaction by FCamara will foster growth and the development of new technologies at Dojo.

Stefanini Group to Acquire Protega | March 2024

Stefanini Group, through its Safeway venture, announced the acquisition of Protega, a company based in Campinas, São Paulo. The company has a portfolio of more than 300 customers, over 22 years of experience in the market, developed thousands of security projects, and protected more than 360,000 corporate devices.

Positivo Tecnologia to Acquire Algar TI Consultoria | March 2024

In a strategic move to enhance its IT offerings, Positivo Tecnologia, a Brazilian technology company, has signed an agreement to acquire Algar TI Consultoria, a managed IT services provider formerly part of the Algar Group. Positivo Tecnologia’s areas of expertise include technology, hardware, software, computers, smartphones, smart home devices, servers, payment machines, technical support to companies and public institutions, IT equipment rental for corporations, and educational technologies.

Contacts:

For more information on our services or to discuss how we can help advance your vision, please contact your Houlihan Lokey representatives mentioned above. We look forward to our continued work together.

About the Business Services Group

Houlihan Lokey’s Business Services Group has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital raising, restructuring, and financial and valuation advisory services. Our team covers a broad array of sectors, with financial professionals dedicated to each of our primary coverage areas. Our senior-level relationships throughout the industry open doors to opportunities for our clients—whether they are seeking financing, a strategic partner, or a prospective buyer. In 2023, Houlihan Lokey was ranked the No. 1 investment bank for all global business services M&A transactions by LSEG (formerly Refinitiv).*
*Excludes accounting firms and brokers.

About Houlihan Lokey

Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions, the No. 1 M&A advisor for the past nine consecutive years in the U.S., the No. 1 global restructuring advisor for the past ten consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG (formerly Refinitiv).