Market Update: IT Services & Software in Eastern Europe – Q2 2021
The M&A market in Eastern Europe remains hot as buyers continue to show interest in the Eastern European region in efforts to add offshore and nearshore capabilities, as well as to capture the region’s IT expertise. We expect the underlying M&A trends in Eastern Europe to continue given the region’s high concentration of IT/Software talent, time zone advantage, and agile delivery methods.
7 Mile recorded 19 deals in Q2 of 2021, a 12% increase compared to Q1 2021. Deal volumes and 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 Eastern Europe.
7MA has completed numerous M&A transactions for companies with outsourced operations and / or delivery centers in 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, Ilia Ulianchuk, or Nic Anderle if you would like to learn more about IT Services & Software across Eastern Europe.