Tech M&A: IT & Business Services – Philly

Changes in workforce behaviour towards remote and hybrid work models have catalysed digitalisation. Cloud services were in high demand, leading to some acquirers aiming to serve all client needs in the cloud. What is the outlook on M&A in the IT & Business Services sector now that many clients have adopted the necessary software? Is the focus switching to other areas? Are IT Service companies still sought after and which challenges are they facing now?

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