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  "documentTitle": "ey connecting the dots m a deals in technology services in 2024",
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  "notes": "Sunburst chart shows 3 years of data (2022, 2023, 2024) for 6 sub-segments.",
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      "text": "MSP / MSSP segments accounted for 40% of deal activity. PE-led consolidation accounted for 60%+ of such deals.",
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      "text": "IT services sub-segment analysis (as a percentage of volume)",
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      "text": "Digital experience saw creation of new platform (Hero-Huge/AEA) emanating from IPG-Omnicom merger. Accenture added ~2,000 people across 4 acquisitions in the Digital Experience space.",
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      "text": "MSP / MSSP segments accounted for 40% of deal activity. PE-led consolidation accounted for 60%+ of such deals. Notable deals include CD&R-Presidio, Tower Brook-CBTS, Accenture-Navisite, CSP-Trianz.",
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      "text": "Demand for D&A capabilities remains robust across strategics and PEs. The year recorded one of the largest deals in the space with Kedaara-Impetus.",
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      "text": "Cloud engineering and DPE activity remained range bound. Core enterprise applications essential for modernization, including SAP, ServiceNow, and Oracle, witnessed increased traction.",
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      "text": "deal volume percentage: 40%",
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      "kind": "source-note",
      "text": "Source: MergerMarket, Cap IQ, PitchBook, EY research and analysis. Note: 1. AEA Investors acquired Huge from Interpublic Group (IPG) and joined forces with Hero Digital, an existing AEA portfolio",
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      "text": "Deal activity shaped by critical digitalization priorities of enterprises and SMBs",
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