IT Services Q2 2024 Update: Selective Consolidation Continues

Highlights from the report:

• While IT budgets generally remain cautious due to lingering macroeconomic uncertainty, cloud and infrastructure services are driving a healthy recovery in overall spend.
• The era of AI is also prompting companies to refocus on digital transformation efforts and revitalize technology investments.
• Strategic buyers continue to view M&A as a key pathway to growth and differentiation and are choosing buy vs. build amid ongoing skillset shortages.
• Transaction volumes are steadily bouncing back and holding above pre-pandemic levels – however, the relatively limited supply of premium assets in market is resulting in very competitive deal processes.

‍

Download our report.

‍

‍

DISCLAIMER This presentation is intended for information and discussion purposes only and does not constitute legal or professional investment advice. Statements of fact and opinions expressed are those of the participants individually and, unless expressly stated to the contrary, are not the opinion or position of Harbor View Advisors, LLC (“HVA”). The information in this presentation was compiled from sources believed to be reliable for informational purposes only. HVA does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented.