The Technology Services Perspective – Q1 2022

Richard Latner, William Garbutt

Deal activity for Q1 2022 has increased 30% over the previous quarter, to a total of 237 transactions. Transactions have mainly focused on strategic tuck-ins that are centred around acquiring next-gen and nearshore capabilities, such as robotic process automation, customer experience consultancy and influencer-based social media marketing.

Even in the current macro environment, March showed early signs of market recovery. On the back of a wave of digital transformation to virtual operating environments and next-gen technology, IT / Consulting Services (12.1x) and Data Service Providers (15.9x) continue to trade at strong double-digit EBITDA multiples on public markets.

In our Global Technology Market Review, we analyse valuations, M&A activity and broader trends in the key technology markets of enterprise software, technology services and cybersecurity. We hope that you enjoy this report and look forward to discussing the data and underlying themes with you. If you are contemplating fundraising, exit or growth through acquisitions, please do get in touch.