Financial Reports·Updated Apr 8, 2026 by Drake Star Partners
Q2 2024 saw robust activity in the digital services sector with over 350 M&A transactions totaling $7.4 billion and 880 fundraising deals raising $8.1 billion.
Major M&A activity was headlined by EQT’s $3.0 billion acquisition of Perficient and Cognizant’s $1.3 billion purchase of Belcan, signaling a strategic focus on digital transformation capabilities.
Generative AI and AI-powered technologies are identified as the primary catalysts for deal momentum, with expectations for increased M&A activity in Q3 2024.
Private equity remains a significant driver of market movement, exemplified by Bain Capital’s $250 million minority investment in Sikich.
Market demand is concentrated in technology-enabled services, specifically cloud migration, cybersecurity, business intelligence, and data analytics.
Corporates are increasingly utilizing inorganic growth strategies to combat technological disruption and improve operational efficiencies.
Q2 2024 saw robust activity in the digital services sector with over 350 M&A transactions totaling $7.4 billion and 880 fundraising deals raising $8.1 billion.
Major M&A activity was headlined by EQT’s $3.0 billion acquisition of Perficient and Cognizant’s $1.3 billion purchase of Belcan, signaling a strategic focus on digital transformation capabilities.
Generative AI and AI-powered technologies are identified as the primary catalysts for deal momentum, with expectations for increased M&A activity in Q3 2024.
Private equity remains a significant driver of market movement, exemplified by Bain Capital’s $250 million minority investment in Sikich.
Market demand is concentrated in technology-enabled services, specifically cloud migration, cybersecurity, business intelligence, and data analytics.
Corporates are increasingly utilizing inorganic growth strategies to combat technological disruption and improve operational efficiencies.