July 22, 2025 – Dallas, TX and Los Angeles, CA – Solganick has published its latest M&A update on the Technology Services sector, covering YTD 2025 (Q1 and Q2 2025). The report covers sectors including artificial intelligence and data analytics consulting, application partners and systems integrators, cybersecurity services and MSSPs, custom software development, digital transformation, and managed services providers (MSPs).

Here are the highlights of the report:

2025 has been marked by large technology services companies acquiring smaller ones to meet demand in AI, cloud, cybersecurity, and managed services.

A few notable M&A transactions announced YTD 2025 include:

• CapGemini announced in July 2025 its agreement to acquire WNS Holdings for $3.3B. Combining technology consulting capabilities with WNS’s specialization in digital business process services to address demand for AI-driven operational transformation.
• Abacus Group announced in July 2025 that it would merge with Medicus IT, creating a massive MSP within the financial services and healthcare industry verticals.
• NWN completed its acquisition of InterVision Systems from MidOcean Partners in June 2025.
• Trace3 completed its acquisition of IVOXY, a Seattle-based infrastructure consulting firm, in June 2025.
• Telus Digital completed its acquisition of Gerent, a Virginia-based Salesforce consultancy, in May 2025.
• Stefanini Group acquired Miami-based Escala 24×7, an AWS cloud specialist.
• Integris, an MSP based in New Jersey, announced its acquisition of TechMD and its security division, Integer, in July 2025.
• Montreal-based Alithya acquired Dallas-based eVerge Interests, a Salesforce and Oracle solutions provider.
• Managed services provider CMIT Solutions acquired Wright Technology Group, expanding its presence in the New England region, announced June 2025.
• California-based Bluewave Technology Group acquired Florida-based TruPoint Technology Solutions to expand its regional and technological footprint.
• Abacus Group acquired MSSP Entara in June 2025, expanding its offerings in ServiceNow, cybersecurity, and incident response expertise.

Market Commentary:

• The global technology services sector demonstrated robust M&A activity during Q2 2025, with transaction volumes showing significant growth across multiple regions and maintaining momentum from the strong performance in Q1 2025. Deal volume in Q2 declined in the U.S. due to market fluctuations and instability resulting from new tariffs and unexpected market tension created by the current administration.
• The ongoing digital transformation initiatives, AI adoption, and cloud migration continue to drive consolidation as companies seek specialized capabilities.
• We expect M&A deal volume to increase in the technology services sector for the remainder of 2025 and into 2026 as technology spending continues to increase in AI, cloud computing, data analytics, and cybersecurity. AI is expected to drive an increase in IT services M&A activity over the next several years.
• Artificial Intelligence, data analytics, cloud computing, cybersecurity, and software development competencies are strongest in demand and are expected to remain key areas of interest for buyers for the next 12-24 months. Demand for specialty IT consulting firms supporting application software platforms remains very strong, particularly for partners of applications that support large and growing market opportunities (e.g., AWS, Google Cloud, Microsoft Azure, Snowflake, Databricks, ServiceNow, Salesforce, and others).

You can download the complete report here:

Solganick Technology Services M&A Update 1H 2025

About Solganick

Solganick is a data-driven investment bank and M&A advisory firm focused exclusively on software and technology services companies. Since 2009, the firm has gained recognition as a top investment bank and has completed over 200 transactions to date.

For more information or to inquire about an M&A transaction, please contact us.