Merger and Acquisition News

LanceSoft acquires SynergisticIT to expand specialized IT talent and SOW capabilities in financial services. IT ExchangeNet served as the exclusive M&A advisor to SynergisticIT.

Everest Group, a leading global private equity-backed technology organization, has acquired Glew.io, a commerce data and AI-driven analytics platform. The transaction was managed exclusively by IT ExchangeNet, a specialist M&A advisory firm representing IT services, SaaS, and AI-focused founders seeking strategic exits.

The Federal Reserve announced yesterday a 25-basis-point cut in interest rates, lowering the federal funds rate to a range of 4% to 4.25%, marking its first rate reduction this year amid signs of a softening labor market and persistent inflation concerns. For owners of IT and digital marketing firms, this move could be pivotal.

IT business owners often think about the sale of their business but few take action to best prepare. Consider these 6 topics before a sale.

A surge in demand is translating into a seller's market for mergers and acquisitions in the IT services sector during 2024.