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Business Services & Technology M&A Research – Sept. 2021

By Emily Halstenberg | September 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

​​​​​​Gryphon Portfolio Company, Highmetric, Acquired NewRocket

Highmetric, a technology strategy, design, and operations provider and an Elite Partner of cloud computing platform ServiceNow, has acquired NewRocket, an industry leader in delivering world-class employee experiences on the ServiceNow platform.

NewRocket’s user-focused design and innovative solutions complement Highmetric’s existing digital workflow optimization capabilities.

7 Mile Advisors acted as the exclusive buyside advisor to Gryphon on the transaction. “7MA’s mandate with Gryphon focuses squarely on identifying the best of the best, and leveraging deep expertise around core capabilities to enhance the value that the Highmetric platform is able to deliver to its clients. With the acquisition of NewRocket, Gryphon has achieved this goal, yet again,” commented Tim Frye, Managing Director at 7 Mile Advisors. Click here for more details.

GovOS Acquired MUNIRevs | LODGINGRevs

GovOS, a company that is accelerating digital transformation for local government, announced that it has acquired MUNIRevs | LODGINGRevs, an industry-leading business tax, licensing, and compliance solution for local governments.

7 Mile Advisors acted as the buyside advisor to Kofile, the parent company of GovOS and an Audax Private Equity portfolio company, throughout the acquisition.

“With the addition of MUNIRev’s industry leading tax collection and business licensing solutions to GovOs’ client base, the combined company will be well positioned to address great demand at the state and local levels for user-friendly digital services allowing them to connect communities and bring more efficient solutions to all public sector stakeholders.” said Kristina Sergueeva, Managing Director at 7 Mile Advisors. For more details, click here.

Breakwater Solutions Acquired Clairvoya

Breakwater Solutions, a leader in information governance and data risk management, has completed the acquisition of Clairvoya, developer of an agile, enterprise-class data governance solution that solves complex challenges with data lineage for governance, privacy, and incident response. The acquisition was funded by an additional capital investment to Breakwater by JLL Partners.

Clairvoya manages the lineage of data in motion, answering questions, such as who has accessed the data, what did they do to it, and where did it go. These capabilities complement Breakwater’s StoredIQ for Information Governance platform, designed to manage data at rest, answering questions, such as where is the data now, who has it now, and what is in it.

“Data lineage is a critical capability in modern data governance practices and is generally unavailable for unstructured data,” said Ryan O’Leary, Research Manager, Privacy and Legal Technology, at IDC. “The addition of Clairvoya to the Breakwater data governance software portfolio will allow Breakwater to address real-world problems that many organizations are struggling to address by adding data in motion to static data inventories.” For further details, click here.

S4 Capital Acquires Tech Services Group Zemoga

S4 Capital has struck a deal to buy Zemoga, a technology services company that provides a new route for the rapidly growing digital advertising group to win work from multinational clients.

The move into tech services is designed to enable it to better compete with the likes of Accenture and Globant, which can sell both digital advertising services to a client, as well as internal digital transformation advice.

“Entry into the technology services sector through Zemoga gives us the full capability to talk to the Chief Technology or Information Officer, as well as the Chief Marketing and Chief Sales Officer,” said Founder, Martin Sorrell. “We now have the full set.” For more details, click here.

Accenture Acquires Gevity Consulting

Accenture has acquired Gevity, a strategy and consulting service provider focused on helping Healthcare industry clients transform their businesses through innovative technology solutions, to expand its capabilities to deliver health transformation services in Canada and internationally.

Gevity also leads clients through digital transformations and information systems design implementations. In addition, Gevity offers proprietary methods and tools to support its work, including project and program management, inter-organizational collaboration, and health informatics. A key differentiator for Gevity is its strategic use of interdisciplinary teams of practitioners with experience in clinical, technical and administrative roles in healthcare settings.

“The addition of Gevity will expand our capabilities in delivering health transformation services in Canada and other global markets,” said Jeffrey Russell, President of Accenture in Canada. “Gevity’s talented team and track record of success combined with Accenture’s national leadership in transformation services and strong ecosystem partnerships will strengthen our capabilities from coast to coast. Moreover, the acquisition positions Accenture to lead the wave of tech-enabled health innovation that places people’s health at the center to improve access, experience, and outcomes.” For more information on this deal, click here.

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 www.7mileadvisors.com.

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