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Generation Equity Advisors, LLC

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IT Services M&A Update - Q1 2013

Generation Equity Advisors has issued its latest IT Services M&A Update for Q1 2013. It covers the latest mergers and acquisitions announced within the IT Services industry sector globally.

Los Angeles, CA, April 24, 2013 --( Generation Equity Advisors has issued its latest update on the IT services industry sector for Q1 2013.

United States M&A Dealflow is Up 62%

More companies in the United States are pursuing large acquisitions in the first quarter this year as the U.S. continues to see growing economic confidence, strong equity markets and cheap financing. Deal activity in the U.S. increased by 62% during the first quarter (2013) versus the same period last year (2012).

Technology accounted for 12.3% of all global M&A activity in Q1 2013.

Buyers in the IT services sector were very active in Q1 2013.

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 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 consulting firms were very active in Q1 2013," according to Aaron Solganick, CEO and Managing Director of Generation Equity Advisors. "We see the sector consolidating further this year as companies increase their cloud and technology service offerings as well as reach into new geographies." KPMG, Deloitte and Ernst & Young all announced at least one or more acquisition within the IT services sector for Q1 2013.

For the complete report, go to Generation Equity Advisors website (free download).

About Generation Equity Advisors

Generation Equity Advisors, LLC is an independent investment bank and M&A advisory firm specifically focused on the software, IT services, digital media and internet sectors globally. HQ'd in Los Angeles. Its professionals have completed over $20 billion in transactions to date and are experts in M&A.
Contact Information
Generation Equity Advisors, LLC
Aaron Solganick
(424) 249-9223

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