News and Research

M&A Update: AWS Services Partners, YTD 2024

AWS Partner Mergers Acquisitions

August 20, 2024 – Solganick has published its latest mergers and acquisitions (M&A) update on AWS Services Consulting Partners.

Download the full report here: Solganick – AWS Consulting Services Partner Mergers Summary – YTD Aug 2024

The following are the highlights of the report:

AWS continues to dominate the cloud market in 2024, showing strong financial performance:

  • Generated $26.28 billion in revenue during Q2 2024, representing a 19% year-over-year increase.
  • The company now has an annual run rate of over $100 billion.
  • Maintained its market leadership with a 32% share of the global cloud market in Q2 2024.

 

Focusing on key areas for future growth:

  • Artificial Intelligence: AWS completed a $4 billion investment in AI startup Anthropic.
  • Data Security: The company is developing new services like AWS Secrets Manager and AWS Shield.
  • Serverless Computing: AWS is expanding its serverless solutions, including AWS Lambda and AWS Fargate.

 

The following select AWS Services Partners M&A Transactions were announced YTD 2024:

Date

Acquirer

Target

Deal Summary

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.

April 2024

CD&R

Presidio

•$60+ billion PE Firm CD&R buys IT services leader offering digital infrastructure, cloud and security solutions and AWS Premier Partner.

April 2024

Zaintech

Citrus Consulting

•IT consulting firm acquires AWS Consulting Partner.

April 2024

nClouds

Foghorn Consulting

•Two Amazon Web Services Premier Services Partners merge.

Jan 2024

Westcon-Comstor

Rebura

•Global technology services provider and distributor acquires London based, AWS Advanced Services Partner Rebura.

 
 

Transaction: Solganick was the exclusive advisor to Nextira, an AWS Premier Partner, in its sale to Accenture. Review the case study here.

 

Solganick provides mergers and acquisitions advisory exclusively to software and IT services companies. For more information or to inquire about an M&A transaction, please contact us.

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    Frequently Asked Questions

    1 How has AWS performed financially and in market share during 2024?

    AWS generated $26.28 billion in revenue during Q2 2024, representing a 19% year-over-year increase, and now has an annual run rate exceeding $100 billion. The company maintained its market leadership with a 32% share of the global cloud market in Q2 2024.

    2 Which significant M&A transactions involving AWS Services Partners have occurred year-to-date in 2024?

    Notable M&A transactions include Apax Partners acquiring Thoughtworks for $1.7 billion, EQT acquiring Perficient for $3 billion, and Coforge acquiring Cigniti Technologies for $460 million. Other key deals involved CD&R buying Presidio, Zaintech acquiring Citrus Consulting, and the merger of nClouds and Foghorn Consulting.

    3 What are AWS's primary focus areas for future growth and investment?

    AWS is focusing on Artificial Intelligence, highlighted by a $4 billion investment in Anthropic, and Data Security, developing new services like AWS Secrets Manager and AWS Shield. They are also expanding serverless computing solutions, including AWS Lambda and AWS Fargate.

    4 How does Solganick contribute to the AWS services M&A landscape?

    Solganick provides mergers and acquisitions advisory exclusively to software and IT services companies, including those in the AWS ecosystem. The firm published this M&A update on AWS Services Consulting Partners and previously acted as the exclusive advisor to Nextira, an AWS Premier Partner, in its sale to Accenture.