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 November 3, 2020, Cognizant Technology Solutions Corp., a professional services company that provides consulting and technology, and outsourcing services in North America, Europe, and internationally, completed the acquisition of Bright Wolf, a privately-held technology services provider specializing in custom Industrial Internet of Things solutions for Fortune 1000 companies.
- On December 3, 2020, Alliance Data Systems Corp., a provider of data-driven marketing solutions, completed the $450 million acquisition of Lon Operations, a technology-driven digital payments company offering an omnichannel solution for retailers and platform capabilities to bank partners. The addition of the technology platform expands Alliance Data’s payment offering to include pay-over-time products.
