In this post we will focus on the most important acquisition according to Crunchbase's criteria, having filtered it by sectors, both companies (acquired and acquirer), to then draw a very extensive list of company acquisitions. In this case, the most important acquisition in the IT Services and Infromation Services sectors is the one carried out by XDuce, which it bought from SANS Computing on 9 July.
XDuce
XDuce is a global provider of software development services. softwaresystems integration and staffing. The company has extensive experience and proven capabilities in business transformation, digital transformation, business application implementation and integration services. It has also won several awards from leading companies in the industry, such as Oracle or Goldman SachsThe Bank's investment banking business is well known.
SANS Computing
The SANS concept consists of superior sourcing and assessment of qualified candidates by professionals with substantial experience in software development and data processing. With SANS, client companies benefit from technical expertise combined with placement experience that few other agencies can offer. For its part, SANS Computing is a New York-based company specialising in such IT staffing services.
Benefits of acquisition
XDuce's majority stake in SANS Consulting will further strengthen XDuce's footprint and its ability to provide IT services to clients. With this acquisition, both companies will be able to leverage service delivery capabilities and domain expertise. According to Jay Dave, president and CEO of XDuce, with his company's global delivery capability coupled with SANS Computing's market penetration, customers can expect to partner with a highly professional global support team with deep expertise in all major national markets and industry verticals.
Finally, given the difficult situation that businesses are currently experiencing due to the COVID-19 pandemic, this acquisition by XDuce will also help meet the needs of customers as never before. This is because customers require the services of a global organisation with effective delivery teams and significant resources to meet their needs on a national level, a criterion that XDuce meets with the recent acquisition.