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Public Comps and Valuation Multiples for IT Consulting

Benchmark revenue and EBITDA valuation multiples for public comps like
Palantir, IBM, Accenture, Tata Consultancy Services and Infosys.

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IT Consulting

Viewing 50 of 449 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Palantir	$331B	$324B	$5B	60.3x	112.0x
IBM	$213B	$271B	$69B	3.9x	14.3x
Accenture	$111B	$110B	$73B	1.5x	8.0x
Tata Consultancy Services	$95B	$91B	$29B	3.1x	11.6x
Infosys	$50B	$47B	$20B	2.3x	10.5x
Fujitsu	$40B	$38B	$22B	1.7x	12.6x
NEC	$37B	$36B	$22B	1.6x	11.0x
HCLTech	$34B	$31B	$14B	2.3x	10.9x
DCI Indonesia	$27B	$28B	—	—	—
Cognizant	$26B	$25B	$22B	1.2x	6.4x
Fidelity Information Services	$24B	$37B	$12B	3.1x	7.6x
Wipro	$22B	$19B	$10B	1.9x	9.4x
Capgemini	$19B	$27B	$27B	1.0x	6.3x
Leidos	$18B	$23B	$17B	1.3x	9.2x
TD Synnex	$18B	$21B	$65B	0.3x	10.3x
CDW	$17B	$23B	$23B	1.0x	10.5x
Nomura Research Institute	$16B	$16B	$5B	3.1x	21.1x
LTIMindtree	$15B	$14B	$5B	3.0x	16.7x
CGI	$14B	$17B	$12B	1.4x	7.1x
Tech Mahindra	$14B	$13B	$6B	2.1x	13.2x
Unisplendour	$14B	$17B	$15B	1.2x	25.5x
LTM Ltd	$14B	$12B	$5B	2.7x	15.0x
Elm	$12B	$11B	$3B	4.3x	17.5x
OBIC	$12B	$10B	$855M	12.1x	17.9x
SCSK	$11B	$194B	—	—	—
CACI International	$11B	$17B	$9B	1.8x	14.9x
Indra Sistemas	$10B	$13B	$7B	1.9x	14.9x
Applied Digital	$9B	$10B	$386M	27.0x	124.4x
Samsung SDS	$9B	$5B	$10B	0.5x	4.8x
Hyundai Autoever	$9B	$8B	$3B	2.8x	27.8x
GDS Holdings	$8B	$14B	$2B	7.9x	16.8x
Persistent Systems	$8B	$8B	$2B	4.8x	25.7x
Shanghai Stonehill	$7B	$6B	—	—	—
solutions by stc	$7B	$7B	$3B	2.0x	12.7x
Otsuka	$7B	$6B	$8B	0.7x	8.9x
Ingram Micro	$7B	$9B	$53B	0.2x	6.4x
Nextdc	$7B	$8B	$339M	24.1x	49.3x
iSoftstone	$6B	$6B	$5B	1.1x	—
EPAM Systms	$6B	$5B	$6B	0.9x	5.2x
Parsons	$5B	$7B	$6B	1.0x	10.9x
Computacenter	$5B	$5B	$13B	0.4x	9.6x
China National Software	$5B	$5B	—	—	—
TIS	$5B	$5B	$4B	1.2x	7.8x
FPT Corp.	$5B	$4B	$3B	1.6x	7.5x
EXL Service	$5B	$5B	$2B	2.3x	10.7x
Mphasis	$5B	$4B	$2B	2.6x	14.0x
LG CNS	$4B	$4B	$4B	0.9x	7.8x
Bechtle	$4B	$4B	$8B	0.6x	7.6x
Coforge	$4B	$4B	$2B	2.5x	13.8x
NS Solutions	$4B	$4B	$2B	1.5x	10.7x
SAIC	$4B	$X.XB	$7B	X.Xx	X.Xx
Asseco Poland	$4B	$X.XB	$5B	X.Xx	X.Xx
Reply	$4B	$X.XB	$3B	X.Xx	X.Xx
L&T Technology Services	$4B	$X.XB	$1B	X.Xx	X.Xx
Digital China	$4B	$X.XB	$22B	X.Xx	X.Xx
DHC Software	$4B	$X.XB	—	X.Xx	X.Xx
Posco DX	$4B	$X.XB	$755M	X.Xx	X.Xx
TravelSky	$4B	$X.XB	$1B	X.Xx	X.Xx
Guangdong Aofei Data	$4B	$X.XB	$407M	X.Xx	X.Xx
Beijing Teamsun Tech	$4B	$X.XB	—	X.Xx	X.Xx
Softcat	$4B	$X.XB	$2B	X.Xx	X.Xx
Kyndryl Holdings	$3B	$X.XB	$15B	X.Xx	X.Xx
Internet Initiative Japan	$3B	$X.XB	$2B	X.Xx	X.Xx
OBIC Business Consultants	$3B	$X.XB	$325M	X.Xx	X.Xx
Hexaware Technologies	$3B	$X.XB	$2B	X.Xx	X.Xx
Aditya Infotech	$3B	$X.XB	$441M	X.Xx	X.Xx
Matrix IT	$3B	$X.XB	—	X.Xx	X.Xx
Biprogy	$3B	$X.XB	$3B	X.Xx	X.Xx
Odine	$3B	$X.XB	—	X.Xx	X.Xx
Tata Elxsi	$3B	$X.XB	$405M	X.Xx	X.Xx
Also Holding	$3B	$X.XB	$16B	X.Xx	X.Xx
Dentsu Soken	$3B	$X.XB	$1B	X.Xx	X.Xx
Netcompany	$3B	$X.XB	$1B	X.Xx	X.Xx
Sopra Steria	$3B	$X.XB	$7B	X.Xx	X.Xx
Tieto	$2B	$X.XB	$2B	X.Xx	X.Xx
Tata Technologies	$2B	$X.XB	$582M	X.Xx	X.Xx
Netweb Technologies India	$2B	$X.XB	$254M	X.Xx	X.Xx
Alten	$2B	$X.XB	$5B	X.Xx	X.Xx
ArcSoft	$2B	$X.XB	$141M	X.Xx	X.Xx
Insight Enterprises	$2B	$X.XB	$8B	X.Xx	X.Xx
ePlus	$2B	$X.XB	$2B	X.Xx	X.Xx
Formula Systems	$2B	$X.XB	—	X.Xx	X.Xx
4iG	$2B	$X.XB	—	X.Xx	X.Xx
Sinosoft	$2B	$X.XB	—	X.Xx	X.Xx
DXC Technology	$2B	$X.XB	$13B	X.Xx	X.Xx
Digital China Information	$2B	$X.XB	$2B	X.Xx	X.Xx
Rakus Co	$2B	$X.XB	$378M	X.Xx	X.Xx
SoftwareOne	$2B	$X.XB	$2B	X.Xx	X.Xx
Atea	$2B	$X.XB	$6B	X.Xx	X.Xx
BigBear.ai	$2B	$X.XB	$133M	X.Xx	X.Xx
Fengzhushou	$2B	$X.XB	—	X.Xx	X.Xx
Redington	$2B	$X.XB	$12B	X.Xx	X.Xx
Globant	$2B	$X.XB	$2B	X.Xx	X.Xx
Taiji Computer	$2B	$X.XB	—	X.Xx	X.Xx
MyEG	$2B	$X.XB	$351M	X.Xx	X.Xx
ONE Technologies	$2B	$X.XB	—	X.Xx	X.Xx
Neusoft	$2B	$X.XB	$2B	X.Xx	X.Xx
Norbit	$2B	$X.XB	$288M	X.Xx	X.Xx
Kontron	$2B	$X.XB	$2B	X.Xx	X.Xx
Sesa	$1B	$X.XB	$4B	X.Xx	X.Xx
GuoChuang Software	$1B	$X.XB	—	X.Xx	X.Xx
Al Moammar Information	$1B	$X.XB	—	X.Xx	X.Xx
Daou Technology	$1B	$X.XB	—	X.Xx	X.Xx
Kainos Group	$1B	$X.XB	$579M	X.Xx	X.Xx
Beijing Topnew Info	$1B	$X.XB	—	X.Xx	X.Xx
NSD Co	$1B	$X.XB	$738M	X.Xx	X.Xx
Wavestone	$1B	$X.XB	$1B	X.Xx	X.Xx
Zensar Technologies	$1B	$X.XB	$608M	X.Xx	X.Xx
Black Box	$1B	$X.XB	$680M	X.Xx	X.Xx
TKC	$1B	$X.XB	$541M	X.Xx	X.Xx
Chinasoft International	$1B	$X.XB	$3B	X.Xx	X.Xx
Birlasoft	$1B	$X.XB	$571M	X.Xx	X.Xx
Sify Technologies	$1B	$X.XB	$698M	X.Xx	X.Xx
Shift	$1B	$X.XB	$938M	X.Xx	X.Xx
SuperMap	$1B	$X.XB	$269M	X.Xx	X.Xx
Sonaecom	$1B	$X.XB	—	X.Xx	X.Xx
DTS	$1B	$X.XB	$844M	X.Xx	X.Xx
Datatec	$1B	$X.XB	—	X.Xx	X.Xx
Sinodata	$1B	$X.XB	—	X.Xx	X.Xx
Neurones	$1B	$X.XB	$1B	X.Xx	X.Xx
Systena	$977M	$X.XB	$577M	X.Xx	X.Xx
Systex	$967M	$X.XB	—	X.Xx	X.Xx
Bytes Technology Group	$965M	$X.XB	$304M	X.Xx	X.Xx
transcosmos	$918M	$X.XB	$2B	X.Xx	X.Xx
63 Moons	$918M	$X.XB	—	X.Xx	X.Xx
Future Corporation	$913M	$X.XB	$494M	X.Xx	X.Xx
Tata Teleservices	$908M	$X.XB	—	X.Xx	X.Xx
Beyondsoft	$907M	$X.XB	—	X.Xx	X.Xx
Data#3	$905M	$X.XB	$2B	X.Xx	X.Xx
CANCOM	$885M	$X.XB	$2B	X.Xx	X.Xx
Asseco SEE	$878M	$X.XB	$525M	X.Xx	X.Xx
Quest Holdings	$871M	$X.XB	—	X.Xx	X.Xx
Magic Software	$866M	$X.XB	—	X.Xx	X.Xx
Inspur	$831M	$X.XB	—	X.Xx	X.Xx
Tinexta	$810M	$X.XB	$537M	X.Xx	X.Xx
ASGN	$807M	$X.XB	$4B	X.Xx	X.Xx
Systems Ltd.	$804M	$X.XB	$306M	X.Xx	X.Xx
CSE Global	$800M	$X.XB	$800M	X.Xx	X.Xx
Sonata Software	$771M	$X.XB	$1B	X.Xx	X.Xx
cyber_Folks	$767M	$X.XB	$241M	X.Xx	X.Xx
Atos	$764M	$X.XB	$9B	X.Xx	X.Xx
Asseco Business Solutions	$758M	$X.XB	$135M	X.Xx	X.Xx
Datagroup	$736M	$X.XB	$666M	X.Xx	X.Xx
SNP Group	$724M	$X.XB	—	X.Xx	X.Xx
Newgen Software Technologies	$717M	$X.XB	$169M	X.Xx	X.Xx
Aubay	$700M	$X.XB	$729M	X.Xx	X.Xx
Xinjiang Sailing Inf	$672M	$X.XB	—	X.Xx	X.Xx
Brilliance Technology	$661M	$X.XB	—	X.Xx	X.Xx
Bravura Solutions	$661M	$X.XB	$196M	X.Xx	X.Xx
Shanghai Wisdom Info Tech	$650M	$X.XB	—	X.Xx	X.Xx
Malam Team	$630M	$X.XB	—	X.Xx	X.Xx
Daou Data	$623M	$X.XB	—	X.Xx	X.Xx
Nagarro	$611M	$X.XB	$1B	X.Xx	X.Xx
Meeza QSTP	$601M	$X.XB	$122M	X.Xx	X.Xx
Calian Group	$592M	$X.XB	$593M	X.Xx	X.Xx
Argo Graphics	$590M	$X.XB	—	X.Xx	X.Xx
Happiest Minds Technologies	$590M	$X.XB	$248M	X.Xx	X.Xx
Plus Alpha Consulting	$582M	$X.XB	$116M	X.Xx	X.Xx
Global Dominion Access	$580M	$X.XB	$1B	X.Xx	X.Xx
Altia Consultores	$563M	$X.XB	—	X.Xx	X.Xx
GFT Technologies	$562M	$X.XB	$1B	X.Xx	X.Xx
IndoInternet	$561M	$X.XB	—	X.Xx	X.Xx
Bouvet	$558M	$X.XB	$420M	X.Xx	X.Xx
Mastek	$554M	$X.XB	$401M	X.Xx	X.Xx
CI&T	$522M	$X.XB	$519M	X.Xx	X.Xx
Edarat Group	$517M	$X.XB	—	X.Xx	X.Xx
Aurionpro Solutions	$505M	$X.XB	$157M	X.Xx	X.Xx
TXT Group	$504M	$X.XB	$480M	X.Xx	X.Xx
Toukei Computer	$496M	$X.XB	$134M	X.Xx	X.Xx
Altron	$488M	$X.XB	$587M	X.Xx	X.Xx
Infibeam Avenues	$480M	$X.XB	$788M	X.Xx	X.Xx
Troy Information Technology	$480M	$X.XB	—	X.Xx	X.Xx
Grid Dynamics	$479M	$X.XB	$423M	X.Xx	X.Xx
Sygnity	$465M	$X.XB	—	X.Xx	X.Xx
JBCC Holdings	$464M	$X.XB	$480M	X.Xx	X.Xx
Techmatrix	$463M	$X.XB	$448M	X.Xx	X.Xx
Mitsubishi Research	$453M	$X.XB	$783M	X.Xx	X.Xx
Datamatics Global Services	$449M	$X.XB	—	X.Xx	X.Xx
Adesso	$437M	$X.XB	$2B	X.Xx	X.Xx
Mia Teknoloji	$432M	$X.XB	—	X.Xx	X.Xx
ExaWizards	$429M	$X.XB	$77M	X.Xx	X.Xx
TSS Inc.	$410M	$X.XB	$227M	X.Xx	X.Xx
Metrodata Electronics	$409M	$X.XB	—	X.Xx	X.Xx
Change Holdings	$398M	$X.XB	—	X.Xx	X.Xx
Japan Business Systems	$398M	$X.XB	$1B	X.Xx	X.Xx
Baudroie	$397M	$X.XB	$116M	X.Xx	X.Xx
Novabase	$397M	$X.XB	—	X.Xx	X.Xx
Computer Eng & Consulting	$387M	$X.XB	$417M	X.Xx	X.Xx
TechNVision	$384M	$X.XB	—	X.Xx	X.Xx
Saudi AZM	$380M	$X.XB	—	X.Xx	X.Xx
I'LL Japan	$375M	$X.XB	$131M	X.Xx	X.Xx
Noventiq	$369M	$X.XB	—	X.Xx	X.Xx
Computer Direct Group	$369M	$X.XB	—	X.Xx	X.Xx
Base Co.	$366M	$X.XB	$145M	X.Xx	X.Xx
Sword	$365M	$X.XB	$426M	X.Xx	X.Xx
ARD Grup	$354M	$X.XB	—	X.Xx	X.Xx
Izertis	$350M	$X.XB	$212M	X.Xx	X.Xx
Cresco	$349M	$X.XB	—	X.Xx	X.Xx
Digital Value	$347M	$X.XB	$808M	X.Xx	X.Xx
Austriacard	$341M	$X.XB	$428M	X.Xx	X.Xx
R Systems International	$333M	$X.XB	$232M	X.Xx	X.Xx
Cyient DLM	$332M	$X.XB	$137M	X.Xx	X.Xx
The Hackett Group	$329M	$X.XB	$300M	X.Xx	X.Xx
Comp	$326M	$X.XB	$245M	X.Xx	X.Xx
Patek	$322M	$X.XB	—	X.Xx	X.Xx
Tasuki Holdings	$313M	$X.XB	—	X.Xx	X.Xx
Rimini Street	$311M	$X.XB	$427M	X.Xx	X.Xx
Proact IT Group	$308M	$X.XB	$525M	X.Xx	X.Xx
Japan System Techniques	$302M	$X.XB	—	X.Xx	X.Xx
Sonda	$289M	$X.XB	$2B	X.Xx	X.Xx
Infotel	$284M	$X.XB	$345M	X.Xx	X.Xx
TDC Soft	$283M	$X.XB	$305M	X.Xx	X.Xx
Econocom Group	$277M	$X.XB	$3B	X.Xx	X.Xx
Hitit	$275M	$X.XB	$43M	X.Xx	X.Xx
Metaage	$273M	$X.XB	—	X.Xx	X.Xx
Trifork Group	$272M	$X.XB	$270M	X.Xx	X.Xx
DNeX	$268M	$X.XB	$290M	X.Xx	X.Xx
Network People Services	$266M	$X.XB	—	X.Xx	X.Xx
Sky ICT	$265M	$X.XB	$327M	X.Xx	X.Xx
Knowmad Mood	$264M	$X.XB	$346M	X.Xx	X.Xx
Redcentric	$262M	$X.XB	—	X.Xx	X.Xx
Fixstars	$261M	$X.XB	$62M	X.Xx	X.Xx
Acer E-Enabling Service	$255M	$X.XB	$306M	X.Xx	X.Xx
Mastersystem Infotama	$254M	$X.XB	$339M	X.Xx	X.Xx
Dustin Group	$248M	$X.XB	$2B	X.Xx	X.Xx
Cmc	$245M	$X.XB	$355M	X.Xx	X.Xx
Lotte Innovate	$239M	$X.XB	$823M	X.Xx	X.Xx
Protean eGov Technologies	$229M	$X.XB	$100M	X.Xx	X.Xx
Real Consulting	$228M	$X.XB	—	X.Xx	X.Xx
Knowit	$228M	$X.XB	$632M	X.Xx	X.Xx
Ditto (Thailand)	$226M	$X.XB	$107M	X.Xx	X.Xx
Endava	$225M	$X.XB	$1B	X.Xx	X.Xx
Allgeier	$223M	$X.XB	$429M	X.Xx	X.Xx
Crexendo	$210M	$X.XB	$78M	X.Xx	X.Xx
Gofore	$209M	$X.XB	$242M	X.Xx	X.Xx
Coocon	$208M	$X.XB	$48M	X.Xx	X.Xx
Brightcom Group	$203M	$X.XB	—	X.Xx	X.Xx
Columbus	$202M	$X.XB	$247M	X.Xx	X.Xx
Info-Tech Systems	$199M	$X.XB	$49M	X.Xx	X.Xx
All for One Group	$197M	$X.XB	$597M	X.Xx	X.Xx
oRo Co.	$197M	$X.XB	$56M	X.Xx	X.Xx
Euvic	$195M	$X.XB	—	X.Xx	X.Xx
ISG	$193M	$X.XB	$247M	X.Xx	X.Xx
Saksoft	$192M	$X.XB	—	X.Xx	X.Xx
Unisys	$189M	$X.XB	$2B	X.Xx	X.Xx
InfoBeans	$183M	$X.XB	—	X.Xx	X.Xx
Vertiseit	$180M	$X.XB	$76M	X.Xx	X.Xx
Computer Institute	$179M	$X.XB	$182M	X.Xx	X.Xx
System Research	$176M	$X.XB	—	X.Xx	X.Xx
Aptitude Software	$175M	$X.XB	$91M	X.Xx	X.Xx
E-Data	$174M	$X.XB	—	X.Xx	X.Xx
Elad Software	$172M	$X.XB	—	X.Xx	X.Xx
Digia	$172M	$X.XB	$258M	X.Xx	X.Xx
Digital Information Technologies	$171M	$X.XB	$163M	X.Xx	X.Xx
NNIT	$170M	$X.XB	$283M	X.Xx	X.Xx
Sys-Dat	$168M	$X.XB	$108M	X.Xx	X.Xx
Exsitec	$165M	$X.XB	$100M	X.Xx	X.Xx
Magellanic Cloud	$163M	$X.XB	—	X.Xx	X.Xx
Synagistics	$162M	$X.XB	—	X.Xx	X.Xx
FDM Group	$159M	$X.XB	$231M	X.Xx	X.Xx
Infomina	$158M	$X.XB	$60M	X.Xx	X.Xx
ISB Corporation	$155M	$X.XB	$241M	X.Xx	X.Xx
Cheops Technology	$154M	$X.XB	—	X.Xx	X.Xx
Blue Cloud Softech	$151M	$X.XB	—	X.Xx	X.Xx
Amiya	$150M	$X.XB	$39M	X.Xx	X.Xx
Abra IT	$150M	$X.XB	—	X.Xx	X.Xx
Serviceware	$148M	$X.XB	$142M	X.Xx	X.Xx
Performance Technologies	$145M	$X.XB	$113M	X.Xx	X.Xx
Almawave	$145M	$X.XB	—	X.Xx	X.Xx
Dynacons	$141M	$X.XB	—	X.Xx	X.Xx
Forte	$140M	$X.XB	—	X.Xx	X.Xx
Spyrosoft	$139M	$X.XB	—	X.Xx	X.Xx
ZG Group	$137M	$X.XB	—	X.Xx	X.Xx
Expleo Solutions	$133M	$X.XB	—	X.Xx	X.Xx
Softronic	$130M	$X.XB	—	X.Xx	X.Xx
Keyrus	$129M	$X.XB	—	X.Xx	X.Xx
Bharat Global Developers	$128M	$X.XB	—	X.Xx	X.Xx
Sngular	$127M	$X.XB	—	X.Xx	X.Xx
Access	$124M	$X.XB	—	X.Xx	X.Xx
Allied	$124M	$X.XB	—	X.Xx	X.Xx
Atturra	$124M	$X.XB	$252M	X.Xx	X.Xx
Galaxy Software Services	$123M	$X.XB	—	X.Xx	X.Xx
Glintt Global	$121M	$X.XB	—	X.Xx	X.Xx
Digital Hearts Holdings	$117M	$X.XB	$248M	X.Xx	X.Xx
Prevas	$116M	$X.XB	$184M	X.Xx	X.Xx
Spir Group	$115M	$X.XB	—	X.Xx	X.Xx
Needs Well	$109M	$X.XB	$65M	X.Xx	X.Xx
Dotsoft	$107M	$X.XB	—	X.Xx	X.Xx
q.beyond	$106M	$X.XB	$213M	X.Xx	X.Xx
CSP Inc.	$101M	$X.XB	—	X.Xx	X.Xx
NINtec Systems	$98M	$X.XB	—	X.Xx	X.Xx
Alithya Group	$98M	$X.XB	$352M	X.Xx	X.Xx
Kody Technolab	$97M	$X.XB	—	X.Xx	X.Xx
Quick Heal Technologies	$95M	$X.XB	—	X.Xx	X.Xx
Polaris AI	$94M	$X.XB	—	X.Xx	X.Xx
Kapsch TrafficCom	$94M	$X.XB	$492M	X.Xx	X.Xx
Purity Tech	$92M	$X.XB	—	X.Xx	X.Xx
Loihde	$92M	$X.XB	$171M	X.Xx	X.Xx
Spindox	$91M	$X.XB	—	X.Xx	X.Xx
Leishen Energy Holding	$90M	$X.XB	—	X.Xx	X.Xx
Kellton Tech Solutions	$89M	$X.XB	—	X.Xx	X.Xx
Zeuus	$88M	$X.XB	—	X.Xx	X.Xx
CAG Group	$86M	$X.XB	$95M	X.Xx	X.Xx
AtaTP	$85M	$X.XB	—	X.Xx	X.Xx
Ksolves	$84M	$X.XB	—	X.Xx	X.Xx
Matica Fintec	$84M	$X.XB	—	X.Xx	X.Xx
Asiana IDT	$83M	$X.XB	—	X.Xx	X.Xx
Software Mansion	$81M	$X.XB	—	X.Xx	X.Xx
Vakrangee	$80M	$X.XB	—	X.Xx	X.Xx
Sure Global Technology	$80M	$X.XB	—	X.Xx	X.Xx
Mastech Digital	$80M	$X.XB	$191M	X.Xx	X.Xx
Sahana System	$79M	$X.XB	—	X.Xx	X.Xx
Solutions 30	$79M	$X.XB	$1B	X.Xx	X.Xx
Boldt	$78M	$X.XB	—	X.Xx	X.Xx
Novotek	$74M	$X.XB	—	X.Xx	X.Xx
CombinedX	$74M	$X.XB	$101M	X.Xx	X.Xx
Circle Italy	$74M	$X.XB	—	X.Xx	X.Xx
Ilyda	$74M	$X.XB	—	X.Xx	X.Xx
Ubicom Holdings	$73M	$X.XB	$37M	X.Xx	X.Xx
Telelink Business Services	$72M	$X.XB	$174M	X.Xx	X.Xx
Mindteck (India)	$69M	$X.XB	—	X.Xx	X.Xx
Allied Digital Services	$69M	$X.XB	—	X.Xx	X.Xx
LGMS	$66M	$X.XB	$12M	X.Xx	X.Xx
Audius	$66M	$X.XB	$134M	X.Xx	X.Xx
Delta Group	$64M	$X.XB	—	X.Xx	X.Xx
Itera	$64M	$X.XB	$89M	X.Xx	X.Xx
Groundhog	$64M	$X.XB	—	X.Xx	X.Xx
Cenit	$64M	$X.XB	$247M	X.Xx	X.Xx
Pro Inside	$62M	$X.XB	—	X.Xx	X.Xx
Passus	$59M	$X.XB	—	X.Xx	X.Xx
Proacta	$59M	$X.XB	—	X.Xx	X.Xx
Neogrid	$59M	$X.XB	—	X.Xx	X.Xx
Axtel	$58M	$X.XB	—	X.Xx	X.Xx
Ailleron	$57M	$X.XB	$163M	X.Xx	X.Xx
Arribatec Group	$57M	$X.XB	$63M	X.Xx	X.Xx
Webstep	$55M	$X.XB	$86M	X.Xx	X.Xx
Orbis	$52M	$X.XB	—	X.Xx	X.Xx
Creactives Group	$51M	$X.XB	$8M	X.Xx	X.Xx
Technologies	$50M	$X.XB	—	X.Xx	X.Xx
Space Hellas	$49M	$X.XB	—	X.Xx	X.Xx
Quality and Reliability	$49M	$X.XB	$21M	X.Xx	X.Xx
XPlus	$48M	$X.XB	—	X.Xx	X.Xx
Cuatroochenta	$48M	$X.XB	—	X.Xx	X.Xx
Ctac	$47M	$X.XB	$155M	X.Xx	X.Xx
White Pearl Technology	$41M	$X.XB	$61M	X.Xx	X.Xx
Danlaw Technologies	$40M	$X.XB	—	X.Xx	X.Xx
Trident Techlabs	$39M	$X.XB	—	X.Xx	X.Xx
Alphalogic Techsys	$37M	$X.XB	—	X.Xx	X.Xx
Alletec	$36M	$X.XB	—	X.Xx	X.Xx
Gloster Digital Group	$36M	$X.XB	—	X.Xx	X.Xx
Digital Workforce Services	$35M	$X.XB	$31M	X.Xx	X.Xx
XBP Europe	$34M	$X.XB	$795M	X.Xx	X.Xx
Softing	$34M	$X.XB	$101M	X.Xx	X.Xx
Sevenet	$33M	$X.XB	—	X.Xx	X.Xx
Atende	$33M	$X.XB	—	X.Xx	X.Xx
NTG Clarity Networks	$33M	$X.XB	$62M	X.Xx	X.Xx
IT Link	$32M	$X.XB	$95M	X.Xx	X.Xx
Prologue	$31M	$X.XB	$57M	X.Xx	X.Xx
Avensia	$30M	$X.XB	$46M	X.Xx	X.Xx
Com Tel	$30M	$X.XB	—	X.Xx	X.Xx
Observit	$29M	$X.XB	—	X.Xx	X.Xx
Dataproces Group	$29M	$X.XB	—	X.Xx	X.Xx
COSOL	$29M	$X.XB	$74M	X.Xx	X.Xx
Witted Megacorp	$28M	$X.XB	$64M	X.Xx	X.Xx
B3 Consulting Group	$28M	$X.XB	$132M	X.Xx	X.Xx
Siav	$27M	$X.XB	$43M	X.Xx	X.Xx
Siili Solutions	$27M	$X.XB	$125M	X.Xx	X.Xx
P.N. Promise	$27M	$X.XB	—	X.Xx	X.Xx
LS telcom	$25M	$X.XB	$43M	X.Xx	X.Xx
HiTechPros	$25M	$X.XB	—	X.Xx	X.Xx
4C Group	$24M	$X.XB	$38M	X.Xx	X.Xx
2B Intelligent	$24M	$X.XB	—	X.Xx	X.Xx
Seven Principles	$23M	$X.XB	—	X.Xx	X.Xx
Reti	$22M	$X.XB	—	X.Xx	X.Xx
Altitude Group	$22M	$X.XB	$43M	X.Xx	X.Xx
SOFTWeb - Adaptive IT	$21M	$X.XB	—	X.Xx	X.Xx
Triona	$21M	$X.XB	—	X.Xx	X.Xx
Vincit	$20M	$X.XB	$79M	X.Xx	X.Xx
HUI	$20M	$X.XB	—	X.Xx	X.Xx
Reisswolf Bulgaria	$20M	$X.XB	—	X.Xx	X.Xx
Kermann IT Solutions	$19M	$X.XB	—	X.Xx	X.Xx
11 88 0 Solutions	$19M	$X.XB	—	X.Xx	X.Xx
Fabrity	$19M	$X.XB	—	X.Xx	X.Xx
SysGroup	$18M	$X.XB	$30M	X.Xx	X.Xx
S4E	$18M	$X.XB	—	X.Xx	X.Xx
Neurosoft	$17M	$X.XB	—	X.Xx	X.Xx
Kps	$16M	$X.XB	—	X.Xx	X.Xx
ZeroQ	$14M	$X.XB	—	X.Xx	X.Xx
Talex	$14M	$X.XB	—	X.Xx	X.Xx
DevPort	$14M	$X.XB	—	X.Xx	X.Xx
It Way	$14M	$X.XB	—	X.Xx	X.Xx
Vantea Smart	$13M	$X.XB	—	X.Xx	X.Xx
MakoLab	$13M	$X.XB	—	X.Xx	X.Xx
QPR Software	$13M	$X.XB	$7M	X.Xx	X.Xx
Frontwalker	$13M	$X.XB	—	X.Xx	X.Xx
CalEthos	$12M	$X.XB	—	X.Xx	X.Xx
ViVeTech	$12M	$X.XB	—	X.Xx	X.Xx
Sygnis	$12M	$X.XB	—	X.Xx	X.Xx
KBJ S.A.	$11M	$X.XB	—	X.Xx	X.Xx
Yarrl	$11M	$X.XB	—	X.Xx	X.Xx
Aixia Group	$11M	$X.XB	—	X.Xx	X.Xx
Sunway Network	$10M	$X.XB	—	X.Xx	X.Xx
Revenga Ingenieros	$10M	$X.XB	—	X.Xx	X.Xx
Trident Digital	$9M	$X.XB	—	X.Xx	X.Xx
SolidX	$9M	$X.XB	—	X.Xx	X.Xx
Vee	$9M	$X.XB	—	X.Xx	X.Xx
UTI Group	$9M	$X.XB	—	X.Xx	X.Xx
Data Storage	$9M	$X.XB	$1M	X.Xx	X.Xx
OPTeam	$9M	$X.XB	—	X.Xx	X.Xx
Hardwario	$8M	$X.XB	—	X.Xx	X.Xx
Sedivio	$8M	$X.XB	—	X.Xx	X.Xx
plenum	$8M	$X.XB	—	X.Xx	X.Xx
Witbe	$8M	$X.XB	$24M	X.Xx	X.Xx
Realtech	$8M	$X.XB	$13M	X.Xx	X.Xx
Softblue	$8M	$X.XB	—	X.Xx	X.Xx
Suntech	$7M	$X.XB	—	X.Xx	X.Xx
Impianti	$7M	$X.XB	—	X.Xx	X.Xx
GBS Software	$7M	$X.XB	—	X.Xx	X.Xx
Solteq	$7M	$X.XB	$55M	X.Xx	X.Xx
Flowscape Technology	$6M	$X.XB	—	X.Xx	X.Xx
CPI Computer Peripherals	$6M	$X.XB	—	X.Xx	X.Xx
Global Engine Group	$6M	$X.XB	—	X.Xx	X.Xx
Betacom	$6M	$X.XB	—	X.Xx	X.Xx
Wirtek	$6M	$X.XB	—	X.Xx	X.Xx
Lukardi	$6M	$X.XB	—	X.Xx	X.Xx
Cloudia Research	$6M	$X.XB	—	X.Xx	X.Xx
OrangeKloud	$5M	$X.XB	—	X.Xx	X.Xx
Beewize	$5M	$X.XB	—	X.Xx	X.Xx
Medondo Holding	$5M	$X.XB	$2M	X.Xx	X.Xx
E-Xim IT	$5M	$X.XB	—	X.Xx	X.Xx
NorCom Info Tech	$4M	$X.XB	—	X.Xx	X.Xx
Pointpack	$4M	$X.XB	—	X.Xx	X.Xx
TenderHut	$4M	$X.XB	—	X.Xx	X.Xx
Vidhance	$4M	$X.XB	—	X.Xx	X.Xx
One2Tribe	$4M	$X.XB	—	X.Xx	X.Xx
River Tech	$3M	$X.XB	—	X.Xx	X.Xx
GECI International	$3M	$X.XB	—	X.Xx	X.Xx
CPU Softwarehouse	$3M	$X.XB	—	X.Xx	X.Xx
Sirius Media	$2M	$X.XB	—	X.Xx	X.Xx
Holdflight	$2M	$X.XB	—	X.Xx	X.Xx
Fram Skandinavien	$2M	$X.XB	—	X.Xx	X.Xx
Time People Group	$1M	$X.XB	—	X.Xx	X.Xx
X3 Holdings	$1M	$X.XB	—	X.Xx	X.Xx
BizTech Konsulting	$1M	$X.XB	—	X.Xx	X.Xx
Mineral Midrange	$1M	$X.XB	—	X.Xx	X.Xx
Axenio	$750K	$X.XB	—	X.Xx	X.Xx
Cogia	$705K	$X.XB	—	X.Xx	X.Xx
tiscon	$311K	$X.XB	—	X.Xx	X.Xx
ICSA (India)	$290K	$X.XB	—	X.Xx	X.Xx