Luxoft Deal Analysis
7 Mile is seeing a lot of IT Services related activity in the M&A market recently in two regions of the world: Latin America and Eastern Europe. Not only are we seeing a lot of activity, but extremely high trading multiples are being awarded to firms based in these regions. For example, in 2018 alone Endava bought Velocity Partners and then IPO’ed, Softvision sold to Cognizant and more recently Luxoft has come to terms with DXC. 7 Mile took some time to do a deep dive into these deals and thought it is worth a read as these events set a high precedent for firms based in these markets from here on out.