1、The Drake Star Partners Global Digital Services team is pleased to present the 7thedition of our quarterly Digital Services Report.This provides updates on industry happenings such as important news and events,mergers and acquisitions activity,and insights into the present and future trends impactin

2、g major areas of investment within the industry,including:DIGITAL TRANSFORMATION CLOUD MIGRATION TECH-ENABLED SERVICES SECURITY SERVICES BUSINESS INTELLIGENCE&DATA ANALYTICS+49 173 +33 6 87 99 05 +44 777 305 2247 +1 646 245 35503Q1 was a positive quarter for the Digital Services vertical,with consis

3、tent dealmaking from large strategics and the PE community alike.Digitalisation remains critical for businesses hoping to gain or retain a competitive edge,and IT leaders continue to turn to Digital Services as pressure increases to modernise complex and outdated systems while ensuring cybersecurity

4、.Productivity-enabling technologies and services are more important than ever to increase business efficiencies and enhance customer experiences.Overall,the quarter has seen landmark dealmaking with 350+M&A deals&$5.0bn+disclosed and 290+fundraises&$2.5bn+disclosed in Q1 20231,including:Axiom Partne

5、rs acquired Swisslinx for an undisclosed amount,advised by Drake Star Partners Concentrix acquired Webhelp for$4.8bn GlobalLogic acquired Hexacta for an undisclosed amount Skybox raised$50m of development capital from CVC Capital Partners,J.P.Morgan,and Pantheon Ventures Brainsquare raised an undisc

6、losed sum of from Capital A Investment Partners DV Bern raised an undisclosed sum from EGS BeteilgungenLooking ahead to Q2,we expect to continue to see consolidation in the market.As the revolution around generative AI continues and Big Tech players invest in OpenAI initiatives,we expect to see incr