1、The Drake Star Partners Global Digital Services team is pleased to present the 12th edition of our quarterly Digital Services Report.This provides updates on industry happenings such as important news and events,mergers and acquisitions activity,and insights into the present and future trends impact

2、ing major areas of investment within the industry,including:DIGITAL TRANSFORMATION CLOUD MIGRATION TECH-ENABLED SERVICES SECURITY SERVICES BUSINESS INTELLIGENCE&DATA ANALYTICS+49 173 3930070Linkedin-Free social media +33 6 87 99 05 37Linkedin-Free social media +44 777 305 2247 Linkedin-Free social m

3、edia +1 646 245 3550Linkedin-Free social media icons3(1)Drake Star Analysis based on M&A and Private Placement dataAs Corporates are pressured to manage costs,increase topline growth and deliver healthy cash flow profiles,the need for strategic M&A and fundraising is stronger than ever before.Those

4、with an internal debate to Buy vs.Build are increasingly exploring inorganic growth to unlock value,achieve efficiencies and stay ahead of technological disruption.Despite uncertain macro-economic conditions,Q2 2024 saw an uptick in deal momentum with overall activity totaling 350+&$7.4bn+disclosed

5、M&A deals and 880+&$8.1bn+disclosed fundraises1,including:Cognizant acquired Belcan for$1.3bn EQT has entered into a definitive agreement to acquire Perficient for$3.0bn Virtusa Corporation acquired ITMAGINATION for an undisclosed amount Sikich raised$250m from Bain Capital Uniqus Consultech announc

6、ed a$10m Series B fundraise led by Nexus Ventures Raft raised$60m of venture funding from Washington HarbourLooking ahead in Q3 2024,we expect generative AI and other AI-powered technologies to fuel further company events,as companies adapt to stay at the forefront of innovation.This,in combination