Digital Services Q4 2023 Report Launch! Robust deal activity driven by digital innovation and cost optimization
Our Q4 Global Digital Services report outlines strong deal-making activity with 315+ & $3.7bn+ disclosed M&A deals and 340+ & $4.3bn+ disclosed fundraises in the quarter. The report details activity across major areas of investment including Digital Transformation, Cloud Migration, and IT Services.
The Drake Star team is also pleased to share we were recently awarded three Deal of the Year awards in the Digital Services vertical and have completed over 50+ transactions in the space over the past 7 years.
Looking ahead in Q1 2024, we expect further market consolidation and private equity’s continuous investment in bolt-on acquisitions and its abundance of dry powder to drive more investments in the space. Digital Services will continue to spearhead M&A activity, with operational efficiencies, AI solutions, and the modernization of legacy tech remaining important investment themes in 2024.
Download the full report for details of key M&A deals, fundraising activity, and more.
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