Seeking Alpha

Aaron Solganick's  Instablog

Aaron Solganick
Send Message
Aaron Solganick is the CEO and founder of Los Angeles-based Generation Equity Advisors, a technology and digital media M&A advisor and investment banking firm. For 20 years, he has worked as an investment banker and M&A advisor to several transactions with an emphasis on Software, IT... More
My company:
Generation Equity Advisors, LLC
My blog:
Technology & Digital Media Mergers & Acquisitions Blog
  • IT Services Industry Sector - M&A Update For Q1 2013 0 comments
    May 4, 2013 7:19 PM | about stocks: ACN, GIB, CBR, CTSH, CSC, EDGW, GPX, HCKT, IGTE, INFY, PRFT, TCS.BO, UIS, WIT

    Generation Equity Advisors, a technology and digital media investment bank and M&A advisor, recently released its latest IT Services M&A update for Q1 2013.

    The following summarizes its key findings:

    Global consulting firms were very active in Q1 2013 and announced multiple M&A transactions.

    Highlights of IT Services M&A transactions announced in Q1 2013 include:

     

    • KPMG acquires purchasing and supply chain management consulting firm BrainNet and adds approximately 300 employees at 14 sites in Europe, Asia, the USA and Latin America.
    • KPMG acquires the Oracle ERP systems integration practice of The Hackett Group with estimated revenues of approximately $12 million in 2012.
    • Quadrant 4 Systems acquires Blazerfish LLC, Teledata Technology Solutions, Inc., and Momentum Mobility representing a combined $25 Million in gross revenue during the past calendar year (2012).
    • Teletech Holdings acquires Avaya specialist and communications systems integrator and consulting firm Technology Solutions Group.
    • Ernst & Young acquires Germany based J&M Management Consulting AG which has 320 employees across Europe and generated an annual revenues of approximately €50m in 2011.
    • Linedata Services SA agreed to acquire banking software development and consulting firm CapitalStream, Inc. from HCL Technologies Ltd. For $45 million.
    • Deloitte Consulting acquires talent and HR management consulting firm Bersin & Associates.
    • Deloitte Consulting acquires Salesforce.com and Microsoft SharePoint specialist consulting firm Vivens; based in Germany with 50 employees.
    • Deloitte Consulting acquires global strategy consulting firm Monitor Group.
    • Groupon acquires internet consulting services and software development firm Mashlogic.

    "Large global IT consulting firms were very active in Q1 2013," according to Aaron Solganick, CEO and founder of Generation Equity Advisors. "We believe that consolidation will continue for the next 12 to 24 months within the IT Services sector due to an improved U.S. and global economy and increasing demand for IT outsourcing."

    You can download the complete report (free) at: www.generationequityadvisors.com

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Aaron Solganick's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.