News and Research

Google Cloud Partners: M&A Snapshot – August 2024

August 14, 2024 – Solganick has published its latest industry update on the Google Cloud Partner consulting sector.

Quick Answer

Solganick's August 2024 M&A Snapshot indicates a strong and increasing outlook for Google Cloud Partner acquisitions over the next 12-24 months. This heightened demand is driven by Google Cloud's record sales in Q2 2024, particularly its focus on artificial intelligence and data analytics, attracting both pure-play and multi-cloud service providers. Notable recent transactions include Insight Enterprise's acquisition of SADA Systems for $916 million in December 2023, and Onix's acquisition of Datametica. Solganick anticipates continued robust M&A activity as companies expand their multi-cloud offerings and specialize in high-growth areas like AI.

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.
Here are the latest Google Cloud Partner M&A Transactions:
 

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

 
 Selected Google Cloud Partners in the report include:
 
Google Cloud Consulting Partners including 66 degrees, egen, cloudwerx, CTS Appsbroker, Datatonic, Onix, Pythian, Promevo, SADA, Search, Suitebriar, Wursta, Zencore
 
 
The full report can be downloaded here:
 
 

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.

 

Frequently Asked Questions

1 What is the current M&A outlook for Google Cloud partners?

The M&A outlook for Google Cloud partners is expected to remain strong and increase over the next 12-24 months. Q2 2024 was a record quarter for Google Cloud sales, driven by a heavy focus on artificial intelligence and data analytics.

2 Which notable M&A transactions have recently occurred in the Google Cloud partner ecosystem?

Recent notable M&A transactions include Insight Enterprise’s acquisition of SADA Systems, Onix’s acquisition of Datametica, and Cloud Tech Solutions’ acquisition of Appsbroker. The report also details transactions such as Apax Partners taking Thoughtworks private and Alia acquiring Emergya.

3 What factors are driving the increased M&A activity among Google Cloud partners?

Increased M&A activity is driven by Google Cloud's strong focus on artificial intelligence and data analytics, leading to record sales. Both pure-play Google partners and companies expanding into multi-cloud services are contributing to higher acquisition demand.

4 How has Solganick been involved in M&A transactions within the Google Cloud partner sector?

Solganick was the exclusive advisor to Pandera Systems in its sale to 66 degrees, which resulted in a market-leading Google partner focused on cloud and data analytics in North America. Solganick also publishes regular industry updates on the Google Cloud Partner consulting sector.