Equiteq – Technology Services M&A Activity, Q2 2025

The main theme of the report is the M&A activity in the technology services sector for the second quarter of 2025.

Key findings include the resilience and adaptability of M&A markets in IT services and SaaS in the first half of 2025. There is an increase in deal volume and spending in IT services, particularly in areas related to AI, cloud technologies, and data processing. Buyers prioritize specialization, scalability, and technological leadership. Private equity and strategic investors have different approaches to M&A. The integration of AI at operational and product levels is anticipated. High valuations for differentiated assets persist, and new trends such as agent AI and sector-specific SaaS solutions are emerging.