Latest M&A Overview: Acquisitions by CrowdStrike and Accenture, Along with Other Notable Deals
In the summer of 2022, the IT industry witnessed a surge of mergers and acquisitions, with major players making significant moves to strengthen their positions.
SailPoint Inc., a leading identity governance company, announced the acquisition of key assets from Savvy, a provider of SaaS application visibility and monitoring. This acquisition is expected to bolster SailPoint's capabilities in application management.
CrowdStrike, a leading cybersecurity company, agreed to acquire Onum, a provider of real-time telemetry pipeline management. The acquisition is set to enhance CrowdStrike's Falcon Next-Gen SIEM and AI-native engine of the modern SOC.
Accenture, a global professional services company, made several strategic acquisitions. They agreed to acquire NeuraFlash, a Salesforce genAI and managed services provider, and CyberCX, a privately owned cybersecurity services provider. These acquisitions are aimed at enhancing Accenture's capabilities in AI and cybersecurity.
Okta, a leading identity and access management company, reached a definitive agreement to acquire Axiom Security, an identity-centric privileged access management (PAM) solution. This acquisition is expected to strengthen Okta's PAM offerings.
Cloudera, a data management and analytics company, announced the acquisition of Taikun to further develop its platform for managing Kubernetes and cloud infrastructure across hybrid and multi-cloud environments.
Kinly, a global AV systems integrator and MSP, acquired Yorktel, a New Jersey-based global AV systems integrator and MSP. The combined entity aims to create a workplace experience and collaboration organization with a global reach.
Uniphore, a Conversational Service Automation (CSA) company, announced the acquisition of Orby AI, Inc. and is intending to acquire Autonom8, Inc. These acquisitions are aimed at enhancing the capabilities of Uniphore's Business AI Cloud.
Infosys, a global leader in next-generation digital services and consulting, acquired 75% of Versent- Telstra's cloud services arm- for $153 million. This move is intended to enhance Infosys' presence in Australia's cloud and AI space.
Verint Systems, Inc., a CX automation leader, was acquired by Thoma Bravo in an all-cash transaction reflecting an enterprise value of $2 billion.
Tecton will be joining Databricks, uniting online data serving with Databricks' Agent Bricks. The details of this acquisition are yet to be disclosed.
Arctera, a data management leader, is being acquired by Cloud Software Group, Inc., and will operate as a standalone business unit within the Cloud Software Group portfolio.
While Microsoft and NVIDIA were active contributors to the market's recovery during the summer of 2022, no specific mergers or acquisitions by these companies were detailed. However, more concretely, the merger of Raiffeisen-NetWorld and Land24, forming a 47-person team focused on digital services and platforms, was completed retroactively as of January 2025. This fusion allowed consolidation of digital offerings including customer portals, agricultural software, and various apps, enhancing capabilities and workforce alignment within the cooperative network.
These acquisitions reflect the ongoing trend of consolidation and growth within the IT sector, as companies seek to strengthen their positions and expand their capabilities in response to evolving market demands.
