Market Update: IT Services & Software in Central & Eastern Europe Q1 2023
The deal activity in Central & Eastern Europe remains active as buyers continue to show interest in this region in efforts to add off and nearshore capabilities as well as to capture the region’s expertise in the IT space. We believe the underlying M&A trends in Central & Eastern Europe, specifically in Poland, Romania, Bulgaria, and Hungary, will continue throughout 2023 given the region’s high concentration of IT/Software talent, time zone advantage, and agile delivery methods.
7 Mile recorded 17 deals in the Q1 of 2023, a 70% increase compared to Q4 2022. Deal valuations remain high as both strategic and financial buyers have been aggressive over the past six months acquiring software development, cloud analytics, and digital commerce service companies across all countries in Central & Eastern Europe.
7MA has completed numerous M&A transactions for companies with outsourced operation and/or delivery centers in Central & Eastern Europe and has developed unparalleled deal expertise and knowledge of the industry trends, valuation trends, and most active strategic and financial buyers. Please contact Kristina Sergueeva or Ilia Ulianchuk if you would like to learn more about IT Services & Software across Central & Eastern Europe.