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M&A wrap up – Consolidation in the Digital marketing and Design space

31 Oct, 2019

In this edition, we highlight the M&A activity in the digital marketing and design space over the last 2 weeks. Major IT services players like Tech Mahindra, Accenture and Infogain have acquired design and digital marketing companies to augment their front-end consulting offerings, add marquee logos, and gain digital experience design capabilities. This further underlines the blurring of lines between core technology players and digital agencies, such as Publicis and WPP (who are acquiring more technology capabilities). Both sets of players are competing for the same digital spend of their enterprise clients, by offering fully integrated solutions – from consulting to technology.

Technology Fortnightly - Thoma Bravo to take Sophos private

15 Oct, 2019

In this edition, we discuss about the recent acquisition of Sophos. On 14 Oct 2019, Thoma Bravo offered to acquire Sophos for $7.40 per share in cash, a 37% premium on closing price on 11 Oct 2019. This represents an enterprise value of $3.9bn. The acquisition will see Apax Partners  and the co-founders selling their stake in the company. The private equity player had acquired a 70% stake for $580m in 2010 which had valued the company at $830m.

Sign up for The Chesapeake Group's publication of the Technology Services Fortnightly. It provides an overview of recent transactions and public valuations in the information technology services space. In addition, it also covers major developments and articles conveying our view of the digital world.