2023 Q1 Technology Services Market Report
In 2022, the technology services M&A market had mixed results, with lower middle-market deal volume and valuations decreasing by 10-15% and 20-25%, respectively. However, downturns historically present attractive opportunities for strategic acquisitions, and compressed valuations may make many deals too good to pass up. In 2023, private equity firms are expected to be the primary drivers of M&A activity in the IT services sector. Overall, the technology services M&A market has demonstrated impressive resilience in the face of multiple macroeconomic pressures, and every sign indicates it will continue to do so. So we expect to see deal activity to spike once again in late 2023.
For an in-depth analysis of the 2023 Technology Services M&A market, download our full report.
About Matt Tortora
Matt Tortora brings over seventeen years of business ownership, sales leadership, and consulting experience in the software and technology services sectors. He has founded three companies and held strategic leadership positions at growth stage B2B software companies. Most notably, Matt was the co-founder and CEO of a Chicago-based software company which he successfully grew and sold to a strategic acquirer.