Going into 2016, the IT and business services market is rife with targeted acquisitions from ambitious providers seeking to sharpen their capabilities to be competitive in the emerging As-a-Service Economy (see our research). The ability to create value for clients, beyond merely adding people resources, is paramount to driving sustained growth in the future. But that’s not the only strategic rationale for acquisition today.
The logic behind the November 2015 deal by Virtusa (to close this quarter) to buy a majority interest in Polaris Consulting & Services is driven by the goals of expanding scale, reach and BFS market synergy in the traditional systems environment as well.
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