August 20, 2024 – Solganick has published its latest mergers and acquisitions (M&A) update on AWS Services Consulting Partners.
M&A activity among AWS Services Consulting Partners is robust in 2024, driven by Amazon Web Services' continued market dominance and strong financial performance, including $26.28 billion in Q2 2024 revenue. AWS maintains a significant 32% share of the global cloud market, with strategic investments in areas like AI, data security, and serverless computing further fueling buyer interest in specialized partners. This environment has led to major transactions, such as Apax Partners acquiring AWS Premier Partner Thoughtworks for $1.7 billion and EQT acquiring AWS Advanced Consulting Partner Perficient for $3 billion.
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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