1、The Drake Star Partners Global Digital Services team is pleased to present the 12th edition of our quarterly Digital Services Report.This provides updates on industry happenings such as important news and events,mergers and acquisitions activity,and insights into the present and future trends impact

2、ing major areas of investment within the industry,including:DIGITAL TRANSFORMATION CLOUD MIGRATION TECH-ENABLED SERVICES SECURITY SERVICES BUSINESS INTELLIGENCE&DATA ANALYTICS+49 173 3930070Linkedin-Free social media +33 6 87 99 05 37Linkedin-Free social media +44 777 305 2247 Linkedin-Free social m

3、edia +1 646 245 3550Linkedin-Free social media icons3(1)Drake Star Analysis based on M&A and Private Placement dataAs Corporates are pressured to manage costs,increase topline growth and deliver healthy cash flow profiles,the need for strategic M&A and fundraising is stronger than ever before.Those

4、with an internal debate to Buy vs.Build are increasingly exploring inorganic growth to unlock value,achieve efficiencies and stay ahead of technological disruption.Despite uncertain macro-economic conditions,Q2 2024 saw an uptick in deal momentum with overall activity totaling 350+&$7.4bn+disclosed

5、M&A deals and 880+&$8.1bn+disclosed fundraises1,including:Cognizant acquired Belcan for$1.3bn EQT has entered into a definitive agreement to acquire Perficient for$3.0bn Virtusa Corporation acquired ITMAGINATION for an undisclosed amount Sikich raised$250m from Bain Capital Uniqus Consultech announc

6、ed a$10m Series B fundraise led by Nexus Ventures Raft raised$60m of venture funding from Washington HarbourLooking ahead in Q3 2024,we expect generative AI and other AI-powered technologies to fuel further company events,as companies adapt to stay at the forefront of innovation.This,in combination

7、with the pent-up demand and abundance of dry-powder across the PE ecosystem,will drive M&A and fundraising deal activity in the coming months.4JPMorgan Chase to host 75%of its data in the cloud in 2024DataCentreDynamics,Apr 15,2024JPMorgan Chase to host 75%of its data in the cloud in 2024DataCentreD

8、ynamics,Apr 15,2024Telefonica Germany to migrate 1m 5G users to AWS CloudTecherati,May 8,2024Telefonica Germany to migrate 1m 5G users to AWS CloudTecherati,May 8,2024Porsche Informatik secures and automates Cloud Smart migration of over 3,000 dealer websites with Cloudflare Intelligent CIO,May 14,2

9、024Porsche Informatik secures and automates Cloud Smart migration of over 3,000 dealer websites with Cloudflare Intelligent CIO,May 14,2024Beech Tree Private Equity invests in sustainable energy consulting specialistBusiness Cloud,Apr 29,2024Beech Tree Private Equity invests in sustainable energy co

10、nsulting specialistBusiness Cloud,Apr 29,2024EDF taps Accenture and Kraken to modernise customer experienceCurrent News,Jun 4,2024EDF taps Accenture and Kraken to modernise customer experienceCurrent News,Jun 4,2024Apax Digital Growth backs IANS Research to boost InfoSec servicesFintech Global,Apr 2

11、4,2024Apax Digital Growth backs IANS Research to boost InfoSec servicesFintech Global,Apr 24,2024Swiss Re to boost Digital Transformation with Cortical.io partnershipReinsurance News,May 15,2024Swiss Re to boost Digital Transformation with Cortical.io partnershipReinsurance News,May 15,2024Globant t

12、o drive Formula 1s Digital TransformationTechnology Magazine,May 2,2024Globant to drive Formula 1s Digital TransformationTechnology Magazine,May 2,2024Worldwide spending on Digital Transformation to reach$4tn by 2027IDC,May 30,2024Worldwide spending on Digital Transformation to reach$4tn by 2027IDC,

13、May 30,2024Sigma closes$200m round led by Spark Capital,Avenir,at$1.5bn valuationSiliconAngle,May 16,2024Sigma closes$200m round led by Spark Capital,Avenir,at$1.5bn valuationSiliconAngle,May 16,2024Camwood and Pentaho team up to enhance data analytics capabilitiesFintech Global,May 17,2024Camwood a

14、nd Pentaho team up to enhance data analytics capabilitiesFintech Global,May 17,2024Insightsoftware accelerates data analytics services with YellowbrickBusinessWire,May 14,2024Insightsoftware accelerates data analytics services with YellowbrickBusinessWire,May 14,2024HGS launches comprehensive suite

15、of cybersecurity solutionsSecurity Info Watch,May 14,2024HGS launches comprehensive suite of cybersecurity solutionsSecurity Info Watch,May 14,2024Managed security services will be cybersecuritys largest sub-segment in 2027Verdict,May 9,2024Managed security services will be cybersecuritys largest su

16、b-segment in 2027Verdict,May 9,2024Telefonica Tech inks cybersecurity services deal with MicrosoftTotal Telecom,May 21,2024Telefonica Tech inks cybersecurity services deal with MicrosoftTotal Telecom,May 21,2024Note:Drake Star Partners did not act as financial advisor on the transactions listed on t

17、his page5Year foundedEmployeesSub-sectorTotal Website VisitsApril 4th,2024 ACQUISITION BYVirtusa Corporation,acquired ITMAGINATION for an undisclosed amount.The acquisition will enhance Virtusas digital transformation offerings&nearshore delivery capabilities.Provider of IT services and software dev

18、elopment solutions offering comprehensive IT outsourcing,custom software development,data analytics and digital transformation services.Dawid aziski Co-Founder&Board MemberDaniel Arak Co-Founder 2008270183.0kIT ServicesWarsawMay 5th,2024 ACQUISITION BYEQT has entered into a definitive agreement to a

19、cquire Perficient,a leading global digital consultancy transforming the worlds largest enterprises and biggest brands.Perficient is a leading global digital consultancy.With unparalleled strategy,creative,and technology capabilities,they bring big thinking and innovative ideas and a practical approa

20、ch.Tom Hogan CEO Paul Martin CFO 19984,402294kIT ServicesSaint Louis,MOJune 10th,2024 ACQUISITION BYCognizant acquired Belcan for$1.3bn.The acquisition expands Cognizants footprint in the aerospace,defense,space and automotive sectors.Provider of engineering project management and technical staffing

21、 services intended to serve the aerospace,automotive,industrial,pharmaceutical,electronics,and government sectors.Lance Kwasniewski CEODevanand Prasad CTO 19585,100187.0kTech-Enabled ServicesCincinnati,OHProvider of consulting and outsourcing IT services to enterprises in industries including financ

22、ial services,media,healthcare and consumer products.70%of Cognizants employees are based in India.Teaneck,NJRavi Kumar Singisetti CEOPurpose-driven global leading investment organisation with EUR 242BN in total assets under management(EUR 132BN in fee-generating assets under management)StockholmConn

23、i Jonsson Chairperson of the BoardProvider of business consulting and IT outsourcing services.Capabilities include digital transformation,AI and cloud computing.Virtusa operates in over 25 countries and is backed by EQT Private Capital Asia.Southborough,MASantosh Thomas CEOSources:Similar Web,Capita

24、l IQ,Pitchbook,LinkedIn,Company&Investor WebsitesNote:Drake Star Partners did not act as financial advisor on the transactions listed on this pageYear foundedEmployeesSub-sectorTotal Website VisitsSources:Similar Web,Capital IQ,Pitchbook,LinkedIn,Company&Investor WebsitesNote:Drake Star Partners did

25、 not act as financial advisor on the transactions listed on this page62018280April 10th,2024 PRIVATE PLACEMENT17.3kRaft raised over$60m of growth capital from Washington Harbour.The capital will be used for R&D,especially for its C2 product offerings.Provider of digital consultancy services intended

26、 to develop digital products and services based on data analytics,cloud,bioinformatics,and program management.Shubhi Mishra Co-Founder&CEOVirginiaTech-enabled ServicesWashington Harbour is a private investment firm that offers flexibility and operational expertise in non-cyclical businesses,includin

27、g defence technology,cybersecurity,tech-enabled services and government IT&software.Arlington,VASikich has raised$250m minority growth investment from Bain Capital.This strategic partnership cements their leading position in an industry undergoing rapid consolidation.Global company specialising in t

28、echnology-enabled professional services.Sikich draws on a diverse portfolio of tech solutions to deliver transformative digital strategies.Christopher Geier CEO Ryan Spohn CFO 19822,199May 9th,2024Chicago,IL PRIVATE PLACEMENT Tech-Enabled Services239kLeading alternative investment firm with more tha

29、n 1,750 employees across 25 locations in four continents managing c.$185bn in assets.Boston,MAUniqus Consultech raised$10m of Series B capital from Nexus Ventures and Sorin Investments.The capital will be used to launch adjacent service offerings and expand geographically.Tech-enabled global platfor

30、m that offers ESG,and accounting&reporting consulting through a combination of technological solutions and people-led consulting projects.Jamil Khatri Co-Founder&CEOSandip Khetan Co-Founder 2022348April 18th,2024Mumbai PRIVATE PLACEMENT Tech-Enabled Services176.0kNexus Venture Partners is a venture

31、capital firm preferring to invest at early stage in two primary areas:enterprise software companies in the US and digitally-powered businesses within India.Nexus Venture Partners has$2.6b AUM.Menlo Park,CA$1.3bn10.06.24Provider of engineering project management and technical staffing services$3.0bn0

32、4.05.24Leading global digital consultancyUndisclosed04.04.24Provider of IT services and software development solutions Undisclosed18.03.24Provider of information technology projects and systems management services$800m01.12.23Award-winning Google Cloud partner assisting in management and automation

33、of IT operationsUndisclosed08.11.23Provider of digital transformation consulting and management services$113m04.10.23Full-service cybersecurity and cloud services provider for organisations across the Asia PacificUndisclosed03.08.23Helps companies turn visitors into buyers by designing and executing

34、 valuable marketing and sales strategies on top of their integrated platform,the Lead Activation HubUndisclosed31.07.23Operator of a machine learning and artificial intelligence solutions companyUndisclosed21.07.23Provider of application development services for web and mobile platforms and other di

35、gital transformation services 7Sources:Similar Web,Capital IQ,Pitchbook,LinkedIn,Company WebsitesNote:Apart from those indicated as such,Drake Star Partners did not act as financial advisor on the transactions listed on this pageRepresents deals advised by Drake Star$250m09.05.24Technology-enabled p

36、rofessional services$60m10.04.24Provider of digital consultancy services including data analytics,cloud,bioinformatics and program management$47m25.03.24Provider of financial screening services including sanctions transactions screening,compliance and watchlist screening Undisclosed01.03.24Provider

37、of cloud-based business management services including implementation of process automation,business intelligence and analytics solutionsUndisclosed20.02.24Provider of IT consulting services including data-led digital transformation,hyper-automation,systems consulting,and cybersecurity servicesUndisc

38、losed15.12.23Provider of a range of digital services including digital transformation,data storage,managed services,cloud computing and cybersecurity$18m19.10.23Developer of automation platform for cloud migration$93m09.10.23Enterprise database management specialist delivering managed services&consu

39、lting for Oracle,SQL server&multi-cloud technology$336m14.09.23Developer of real-time data integration platformUndisclosed26.07.23Provider of digital marketing and technological services intended to provide strategic,operational and technical support8Sources:Similar Web,Capital IQ,Pitchbook,LinkedIn

40、,Company WebsitesNote:Drake Star Partners did not act as financial advisor on the transactions listed on this page9NEC Corporation(+14.0%)rose due to revenues beating expectations and EPS in line with estimatesEndava(-20.5%)fell due to unexpected negative growth in business against a mismatched cost

41、 structureSopra Steria(-21.5%)fell due to sales slowdown,despite longer term gainsEPAM(-30.7%)fell due to missed sales estimates and following revised guidance in MayNote:Price-weighted indexes calculated as the simple average of the share prices;Capital IQ as of June 30th 2024Digital Services:HCL,A

42、ccenture,Wipro,Cognizant,DXC,Capgemini,TCS,Elixirr,Fujitsu,Sopra Steria,Infosys,Genpact,Grid Dynamics,EPAM Systems,Endava,Wavestone,LTIMindtree,SysGroup,IBM,NEC CorporationDigital Services IndexNASDAQ Composite8%-5%Apr-24May-24Jun-2414.0%9.9%7.0%-20.5%-21.5%-30.7%-15%0%15%10*Denotes transactions led

43、 by current partners at Drake Star Partners,prior to joining the firmINVESTMENT IN&MERGER WITHHAS RECEIVED INVESTMENT FROMSALE TOSALE TOPRIVATE PLACEMENTSALE TOAND ROLLOVER OF MANAGAMENT SHARESSALE TOSALE TOSALE TOHAS RECEIVED INVESTMENT FROMHAS RECEIVED INVESTMENT FROMSALE TOSALE TO*SALE TO*SALE TO

44、*SALE TOSALE TOSALE TORECAPITALISATIONSALE TOHAS RECEIVED MAJORITY INVESTMENT FROMSALE TOSALE TOSALE TOTRANSACTED WITH11*Denotes transactions led by current partners at Drake Star Partners,prior to joining the firmSALE TO*HAS ACQUIREDMAJORITY SALE TOSALE TOSALE TO*SALE TOPRIVATE PLACEMENTSALE TOSALE TOSALE TO*SALE TO*MAJORITY GROWTH INVESTMENTMAJORITY SALE TOAND ROLLOVER OF MANAGEMENT SHARESSALE TO*SALE TO*SALE TO*SALE TOSALE TOSALE TO*SALE TO*RECAPITALISATION WITHSALE TOACQUISITIONS&COMBINATION OFSALE TO