The 7th edition of the Drake Star Partners Global Digital Services Report provides updates on industry happenings, including mergers and acquisitions activity and insights into the present and future trends impacting major areas of investment within the industry. The report highlights that digital transformation, cloud migration, tech-enabled services, security services, and business intelligence & data analytics are major areas of investment. The quarter was positive for the Digital Services vertical, with consistent dealmaking from large strategics and the PE community alike. The report also mentions landmark dealmaking in Q1 2023, including Axiom Partners acquiring Swisslinx, Concentrix acquiring Webhelp, GlobalLogic acquiring Hexacta, Skybox raising $50m of development capital, Brainsquare raising an undisclosed sum, and DV Bern raising an undisclosed sum. Overall, the report suggests that productivity-enabling technologies and services are more important than ever to increase business efficiencies and enhance customer experiences.
