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Business Services & Technology M&A Research – August 2021

By Carolina D'Alencon | August 28, 2021

Business Services & Technology M&A Research

7 Mile Advisors has released its monthly breakdown of M&A and benchmarking activity in the Business Services & Technology sector. Please see below for a listing of available research pieces and contact us if you would like to discuss.
Our research provides insights into the most recent market trends, M&A activity, valuation metrics, and sector outlook.

Transaction Talk

Insights and intelligence on recent notable industry transactions

CitiusTech Acquires SDLC Partners

CitiusTech, a leading provider of healthcare technology solutions and services, acquired SDLC Partners (“SDLC”), a Pittsburgh, PA-based provider of technology transformation, consulting, and automation solutions to leading payer organizations.

SDLC’s next-gen technology capabilities complement CitiusTech’s healthcare platforms and deep industry expertise through their FluidEdge Consulting division, further positioning the enterprise as the global technology leader in the health plan industry.

7 Mile Advisors acted as the exclusive buyside advisor to CitiusTech throughout the transaction. “The experience and personal relationships Ben Garber brought to the table were instrumental in achieving this success. The whole 7 Mile team acted as an extension of our own and have been excellent colleagues to work with,” said Samir Desai, Head of Corporate Development of CitiusTech. More details.

Centare Acquired by Rural Sourcing

Centare, a digital business and technology consultancy, has been acquired by Rural Sourcing, Inc., a leader in onshore digital engineering.

The acquisition will expand Rural Sourcing’s software product design and development capabilities. In addition, this acquisition will add two Middle America locations to Rural Sourcing’s onshore delivery center network, bringing the total to eight U.S.-based centers.

7 Mile Advisors acted as the exclusive sellside advisor to Centare throughout the transaction. More details.

Modernist Studio Acquired by Gorilla Logic

Modernist Studio, a high-quality design and ideation boutique in Austin, Texas, that helps clients envision and design valuable products and services, has been acquired by Gorilla Logic, a world-class software development services provider backed by the private equity firm Sverica Capital Management.

This acquisition ensures that the designs created by Modernist Studio can be fully realized by skilled developers, and positions Gorilla Logic for continued growth and expansion.

7 Mile Advisors acted as the exclusive sellside advisor to Modernist Studio throughout the transaction. More details.

SNP SE Acquires Datavard

SNP Schneider-Neureither & Partner SE (“SNP”), a leading provider of software solutions for digital transformation processes and automated data migrations, announced its acquisition of Datavard AG.

Datavard is a software and consulting company with around 170 employees and specializes in transformations and data management in SAP landscapes. In 2020, the firm generated total revenues of around EUR 17.6 million and EBIT of EUR 1 million.

The acquisition of Datavard plays an important role in the implementation of SNP’s platform strategy, which allows companies to generate maximum value from their data transformation using just one software solution. More details.


EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and development services, announced its acquisition of CORE SE, a professional service provider specializing in IT strategy and technology-driven transformations.

“The acquisition of CORE SE is part of EPAM’s strategy to respond to the growing business needs of our Western European-based clients to execute on their Technology Transformation agenda across various industries,” said Balazs Fejes, President for EU and APAC Markets at EPAM. More details.

About 7 Mile Advisors

7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.

To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website


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