August 14, 2024 – Solganick has published its latest industry update on the Google Cloud Partner consulting sector.
Here are the highlights:
- Q2 2024 was a record quarter for Google Cloud sales as the company focused heavily on artificial intelligence and data analytics.
- We continue to see both pure-play Google partners, as well as companies expanding into Google to provide multi-cloud services to its clients. This is driving acquisition demand higher in 2024. We expect M&A transactions to remain strong and increase over the next 12-24 months in the Google partner ecosystem.
- Notable recent M&A transactions of Google partners include Insight Enterprise’s acquisition of SADA Systems, Onix’s acquisition of Datametica, and Cloud Tech Solutions’ acquisition of Appsbroker.
- Solganick was the exclusive advisor to Pandera Systems in its sale to 66 degrees, creating a market-leading Google partner in North America focused on cloud and data analytics.
Date | Acquirer | Target | Deal Summary |
Aug 2024 | Apax Partners | Thoughtworks | •Global software and modernization consultancy taken private by private equity firm for $1.8 billion. |
April 2024 | Alia | Emergya | •Comprehensive management solutions provider buys cloud solutions developer for digital transformation |
April 2024 | ITC Infotech | Blazeclan | •IT services company acquires cloud developer and managed services provider to strengthen cloud offerings |
April 2024 | nClouds | Foghorn Consulting | •Cloud-native app developer and modernization consultancy acquired by cloud infrastructure and DevOps services provider |
March 2024 | Accenture | ARHS Group | •Consulting giant buys software developer and digital transformation agency serving the public sector in Europe |
Feb 2024 | Accenture | Mindcurv Group | •Digital commerce solutions consultancy bought by consulting behemoth’s Song media arm |
Dec 2023 | Insight Enterprises | SADA Systems | •Google-focused cloud consultancy and tech services firm bought by global IT services company for $916 million |
Dec 2023 | Datatec | Mason Advisory | •Global ICT solutions group buys stake in digital transformation, IT strategy, and cybersecurity advisory at $49 million valuation |
Oct 2023 | Cloud Tech. Solutions | Appsbroker | •Google Premier Partner incorporated into cloud consulting and migration services provider |
Oct 2023 | Onix | Datametica | •Google-specialist big data engineering and analytics services provider bought by networking solutions company |
Solganick is a data-driven investment bank focused exclusively on software and IT services companies. For more information or to inquire about an M&A opportunity, please contact us.
