Industry Update: Business Services
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Business Services industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On January 23, 2023, Cognizant entered into an agreement to acquire Mobica, an IoT software engineering services provider headquartered in Manchester, United Kingdom. Mobica’s services span the full software development cycle, with core competencies in development, implementation, testing and deployment of embedded software.
- On September 1, 2022, FLEETCOR Technologies, a global leader in business payments and processes, completed the acquisition of PlugSurfing GmbH, which provides mobile solutions for EV drivers and charging stations, for approximately $75 million.
