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  "documentTitle": "m and a trends and outlook in the technology services sector",
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      "text": "Reducing the number of vendors and entrusting ER&D spend with the most trusted vendor with end-to-end capabilities is an imminent trend in the ER&D segment.",
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      "text": "ER&D players repositioning themselves as digital engineering players; Global IT players focusing on building ER&D capabilities; Market is conducive for PE interest",
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      "text": "M&A deal activity: 55",
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      "text": "Note: 1.Transactions considered for the period 2020, 2021 and 2022. Analysis buyer activity by category (ER&D, IT Diversified IT and PE) into different subsegments. | () indicates # of acquisitions in 2022. Source: MergerMarket, CapIQ, Company Reports and Filings, EY Analysis.",
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