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.

Software-as-a-Service founders, the landscape is shifting. AI in SaaS is becoming a material factor driving deal premiums.

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