ANZ M&A IT Services Q4 2021
Posted on Jan 26, 2022 by Neil Bourne in IT Services

Welcome to the Eaton Square quarterly M&A round-up for the Australian Information Technology industry. Every quarter, Neil Bourne, our lead Principal in Tech, publishes a compilation of the transactions in the IT Services and Software sectors. Get a copy of the full report below.

Q4 Deal volume declined

2021 overall was an exceptionally active year for M&A. Q4 saw a drop in the volume of deals declined relative to Q3. Activity levels within the software sector remained strong including the eye-catching sale of New Zealand’s Weta Digital to Unity (NYS: U) for $2.26Bn.  The report covers transactions from 1 Oct – 31 Dec 2021 in Australia and New Zealand in the following segments:

  • IT Services & Digital Marketing
  • Software
  • Telecommunications & IT Distributions

Early indications suggest that 2022 will also be a very active year for M&A in the technology sector.

Featured Deals: IT Services

IT Services Deals

 

  • CT4 acquisition of NewBase Computer Services: Acquisition of QLD managed services business by larger privately owned Melbourne-based group
  • Deloitte Digital acquisition of Sliced Tech: Sale of Canberra based Managed IT services provider by Deloitte’s consulting arm
  • IBM acquisition of SXiQ: Sale of IT services and managed services, to SME, enterprise, and governments by global IT services group.
  • COSOL aquisition of Clarita Solutions: Brisbane-based IT Services focusing on Enterprise Asset Management acquired ASX listed IT services group.

 

 

Featured Deals: Software

Software Deals

  • Volaris Group acquisition of Decideware: Sale of Sydney-based developer of agency management platform to assist in marketing & procurement to a division of Toronto-listed Software consolidator
  • Instacart acquisition of FoodStorm: Sale of Melbourne-based developer of a cloud-based platform intended to automate and manage catering orders to US venture-backed $39B unicorn in the on-demand grocery delivery space.
  • Unity acquisition of Weta Digital: Sale of NZ-based provider of visual effects to the entertainment sector to a US $34B listed provider of software platforms for 3D content creation.
  • Ideagen acquisition of CompliSpace: Sale of Sydney-based developer of governance, risk, and compliance software to UK listed compliance software specialist.

For a full M&A listing, download your complimentary copy here.

Q4 2021 M&A Roundup

Meet the Professional Services and IT Services Team

Neil Bourne
Neil Bourne is the Managing Principal for Eaton Square Sydney. Neil has been working with growth stage technology business for over 15 years in venture capital and corporate finance.
Neil Bourne, Managing Principal
Warren Riddell
Warren Riddell is a Principal at Eaton Square based in Sydney. He has 30 years of global M&A experience as a vendor, acquirer, financier and advisor.
Warren Riddell, Principal
Patricia Glovsky
Patricia Glovsky is a Principal at Eaton Square. She is a technology investment banker with more than 30 years of corporate finance investment banking (M&A and capital raises (private placements, debt and IPOs)) experience.
Patricia Glovsky, Principal

If you have questions about your IT Services or software business, please contact our team for a non-obligatory call.

Neil Bourne

Neil Bourne

Managing Principal

Neil Bourne is the Managing Principal for Eaton Square Sydney. Neil has been working with growth stage technology business for over 15 years in venture capital and corporate finance. Neil is married to Sarah, has three children and enjoys Brazilian jujitsu and outdoor sports.

[email protected] 61 1800 332 866 eatonsq.com