December 2, 2024 – Solganick has published an update M&A report on Amazon Web Services (AWS) consulting services partners.
You can download the full report here: Solganick – AWS Consulting Partner Mergers Summary – YTD Dec 2024
AWS continues to dominate the cloud market in 2024, showing strong financial performance and maintaining its 32% share of the global cloud market in Q3.
- The business unit generated $27.5 billion in revenue during Q3 representing a 19% year-over-year increase and operating profit was $10.5 billion, 60% of Amazon’s total revenue. The unit now has an annual run rate of $110 billion.
- Focusing on key areas of cloud and AI for future growth:
“The artificial intelligence portion of AWS is in the billions of dollars in annualized revenue, more than doubling year over year,” according to Amazon CEO Andy Jassy. - Artificial Intelligence: new partnerships, products and capex to meet an explosion of AI requirements, which CEO Andy Jassy has called “maybe a once-in-a-lifetime opportunity.”
- Partners with Databricks and Oracle to expand database application services and solutions.
The following M&A transactions were announced:
Date | Acquirer | Target | Deal Summary |
Dec 2024 | CDW | Mission Cloud Services | •IT solutions leader acquires AWS Premier Services Partner that provides agile cloud managed services and consulting. |
Nov 2024 | Ten10 | The Scale Factory | •It consulting firm acquires AWS advanced consulting partner specializing in cloud infrastructure consulting. |
Oct 2024 | CACI | Applied Insight | •CACI acquires AWS Premier Services Partner to boost its capabilities in AWS, cloud migration, cybersecurity and productivity for government agency customers. Applied Insight was owned by PE firm, Acacia Group. |
Aug 2024 | Apax Partners | Thoughtworks | •PE firm acquires and takes private Thoughtworks, an AWS Premier Partner for $1.7 billion. |
May 2024 | EQT | Perficient | •Leading digital consultancy and AWS Advanced Consulting Partner with broad offering portfolio PE firm EQT for $3 billion. |
May 2024 | Coforge | Cigniti Technologies | •IT services company and AWS Advanced Partner focused on digital transformation acquires into AWS Partner and digital engineering, software testing and QA leader at $460 million valuation. |
May 2024 | IBM | Skyarch Networks | •IBM acquires Japan based AWS consulting firm specializing in cloud transformation. |
Solganick is a data-driven investment bank and M&A advisory firm focused exclusively on software and IT services companies. Since 2009, the company has advised on over 200 and over $20B in transactions to date around the world. For more information or to inquire about an M&A transaction please contact us.
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