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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 442 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Palantir	$347B	$340B	$5B	67.6x	128.6x
IBM	$224B	$274B	$68B	4.0x	14.5x
Accenture	$127B	$125B	$72B	1.7x	9.2x
Tata Consultancy Services	$103B	$99B	$29B	3.4x	12.7x
Infosys	$57B	$55B	$19B	2.9x	12.2x
HCLTech	$40B	$38B	$14B	2.7x	12.8x
Fujitsu	$39B	$37B	$22B	1.6x	11.3x
NEC	$36B	$36B	$23B	1.6x	11.1x
Cognizant	$30B	$30B	$21B	1.4x	7.5x
DCI Indonesia	$30B	$30B	—	—	—
Fidelity Information Services	$26B	$38B	$11B	3.4x	8.3x
Leidos	$23B	$27B	$17B	1.5x	11.1x
Wipro	$22B	$18B	$10B	1.8x	9.4x
Capgemini	$20B	$27B	$27B	1.0x	6.4x
CDW	$16B	$21B	$23B	0.9x	10.0x
CGI	$15B	$18B	$12B	1.5x	7.6x
LTIMindtree	$15B	$14B	$5B	3.0x	16.6x
Nomura Research Institute	$15B	$15B	$5B	3.0x	12.2x
Elm	$14B	$14B	$3B	5.3x	21.5x
CACI International	$14B	$17B	$9B	1.8x	15.6x
Tech Mahindra	$13B	$12B	$6B	2.0x	12.9x
TD Synnex	$13B	$15B	$63B	0.2x	7.7x
Indra Sistemas	$13B	$13B	$7B	1.9x	15.5x
OBIC	$11B	$10B	$844M	11.7x	17.4x
SCSK	$11B	$13B	$5B	2.6x	20.1x
Unisplendour	$11B	$14B	$15B	1.0x	22.6x
Samsung SDS	$9B	$5B	$10B	0.6x	4.9x
Shanghai Stonehill	$8B	$7B	—	—	—
GDS Holdings	$8B	$13B	$2B	7.9x	17.4x
Hyundai Autoever	$8B	$8B	$3B	2.6x	25.6x
Persistent Systems	$8B	$8B	$2B	5.0x	26.4x
Applied Digital	$8B	$9B	$299M	28.4x	137.1x
EPAM Systms	$8B	$6B	$6B	1.2x	7.1x
Otsuka	$7B	$6B	$8B	0.7x	9.4x
Parsons	$7B	$8B	$6B	1.3x	13.1x
solutions by stc	$7B	$7B	$3B	2.0x	12.8x
iSoftstone	$7B	$7B	$5B	1.3x	—
China National Software	$6B	$6B	$835M	6.8x	160.4x
FPT Corp.	$6B	$5B	$3B	1.9x	8.9x
Nextdc	$6B	$8B	$325M	23.2x	47.3x
Ingram Micro	$5B	$8B	$53B	0.2x	6.2x
EXL Service	$5B	$5B	$2B	2.3x	10.8x
Bechtle	$5B	$5B	$7B	0.7x	8.7x
TIS	$5B	$4B	$4B	1.2x	7.4x
Mphasis	$5B	$5B	$2B	2.7x	14.2x
LG CNS	$5B	$4B	$4B	1.0x	8.6x
NS Solutions	$5B	$4B	$2B	1.7x	12.4x
DHC Software	$4B	$5B	—	—	—
Computacenter	$4B	$4B	$12B	0.3x	8.8x
Coforge	$4B	$4B	$2B	2.5x	14.3x
SAIC	$4B	$X.XB	$7B	X.Xx	X.Xx
Digital China	$4B	$X.XB	$21B	X.Xx	X.Xx
Posco DX	$4B	$X.XB	$754M	X.Xx	X.Xx
TravelSky	$4B	$X.XB	$1B	X.Xx	X.Xx
Beijing Teamsun Tech	$4B	$X.XB	—	X.Xx	X.Xx
Reply	$4B	$X.XB	$3B	X.Xx	X.Xx
Asseco Poland	$4B	$X.XB	$5B	X.Xx	X.Xx
L&T Technology Services	$4B	$X.XB	$1B	X.Xx	X.Xx
Guangdong Aofei Data	$4B	$X.XB	$394M	X.Xx	X.Xx
Hexaware Technologies	$3B	$X.XB	$2B	X.Xx	X.Xx
Tata Elxsi	$3B	$X.XB	$407M	X.Xx	X.Xx
4iG	$3B	$X.XB	—	X.Xx	X.Xx
Softcat	$3B	$X.XB	$2B	X.Xx	X.Xx
OBIC Business Consultants	$3B	$X.XB	$323M	X.Xx	X.Xx
Kyndryl Holdings	$3B	$X.XB	$15B	X.Xx	X.Xx
ArcSoft	$3B	$X.XB	$147M	X.Xx	X.Xx
Sopra Steria	$3B	$X.XB	$7B	X.Xx	X.Xx
Biprogy	$3B	$X.XB	$3B	X.Xx	X.Xx
Insight Enterprises	$3B	$X.XB	$8B	X.Xx	X.Xx
Digital China Information	$3B	$X.XB	—	X.Xx	X.Xx
Tata Technologies	$3B	$X.XB	$588M	X.Xx	X.Xx
Also Holding	$3B	$X.XB	$16B	X.Xx	X.Xx
TietoEVRY	$2B	$X.XB	$2B	X.Xx	X.Xx
Internet Initiative Japan	$2B	$X.XB	$2B	X.Xx	X.Xx
Alten	$2B	$X.XB	$5B	X.Xx	X.Xx
Dentsu Soken	$2B	$X.XB	$1B	X.Xx	X.Xx
Sinosoft	$2B	$X.XB	—	X.Xx	X.Xx
Netweb Technologies India	$2B	$X.XB	$242M	X.Xx	X.Xx
Netcompany	$2B	$X.XB	$1B	X.Xx	X.Xx
GuoChuang Software	$2B	$X.XB	—	X.Xx	X.Xx
Globant	$2B	$X.XB	$2B	X.Xx	X.Xx
Aditya Infotech	$2B	$X.XB	—	X.Xx	X.Xx
ePlus	$2B	$X.XB	$2B	X.Xx	X.Xx
Taiji Computer	$2B	$X.XB	$1B	X.Xx	X.Xx
DXC Technology	$2B	$X.XB	$13B	X.Xx	X.Xx
Matrix IT	$2B	$X.XB	—	X.Xx	X.Xx
Redington	$2B	$X.XB	$12B	X.Xx	X.Xx
Rakus Co	$2B	$X.XB	$376M	X.Xx	X.Xx
BigBear.ai	$2B	$X.XB	$131M	X.Xx	X.Xx
SoftwareOne	$2B	$X.XB	$2B	X.Xx	X.Xx
Neusoft	$2B	$X.XB	—	X.Xx	X.Xx
Formula Systems	$2B	$X.XB	—	X.Xx	X.Xx
ASGN	$2B	$X.XB	$4B	X.Xx	X.Xx
MyEG	$2B	$X.XB	$348M	X.Xx	X.Xx
Atea	$2B	$X.XB	$6B	X.Xx	X.Xx
Kontron	$2B	$X.XB	$2B	X.Xx	X.Xx
Odine	$2B	$X.XB	—	X.Xx	X.Xx
Fengzhushou	$2B	$X.XB	—	X.Xx	X.Xx
ONE Technologies	$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
NSD Co	$1B	$X.XB	$737M	X.Xx	X.Xx
Sinodata	$1B	$X.XB	—	X.Xx	X.Xx
Norbit	$1B	$X.XB	$275M	X.Xx	X.Xx
SuperMap	$1B	$X.XB	—	X.Xx	X.Xx
Wavestone	$1B	$X.XB	$1B	X.Xx	X.Xx
Zensar Technologies	$1B	$X.XB	$618M	X.Xx	X.Xx
Sesa	$1B	$X.XB	$4B	X.Xx	X.Xx
TKC	$1B	$X.XB	$543M	X.Xx	X.Xx
Chinasoft International	$1B	$X.XB	$3B	X.Xx	X.Xx
Beijing Topnew Info	$1B	$X.XB	—	X.Xx	X.Xx
Beyondsoft	$1B	$X.XB	$1B	X.Xx	X.Xx
Kainos Group	$1B	$X.XB	$534M	X.Xx	X.Xx
Birlasoft	$1B	$X.XB	$579M	X.Xx	X.Xx
DTS	$1B	$X.XB	$841M	X.Xx	X.Xx
Datatec	$1B	$X.XB	—	X.Xx	X.Xx
Sify Technologies	$1B	$X.XB	$667M	X.Xx	X.Xx
Shift	$1B	$X.XB	$922M	X.Xx	X.Xx
Sonaecom	$1B	$X.XB	—	X.Xx	X.Xx
Nagarro	$1B	$X.XB	$1B	X.Xx	X.Xx
Systena	$989M	$X.XB	$578M	X.Xx	X.Xx
Future Corporation	$978M	$X.XB	$492M	X.Xx	X.Xx
Neurones	$958M	$X.XB	$997M	X.Xx	X.Xx
Asseco SEE	$949M	$X.XB	$525M	X.Xx	X.Xx
transcosmos	$949M	$X.XB	$2B	X.Xx	X.Xx
Bytes Technology Group	$934M	$X.XB	$288M	X.Xx	X.Xx
Black Box	$918M	$X.XB	$687M	X.Xx	X.Xx
Inspur	$913M	$X.XB	$236M	X.Xx	X.Xx
Atos	$885M	$X.XB	$9B	X.Xx	X.Xx
Tata Teleservices	$884M	$X.XB	—	X.Xx	X.Xx
Systex	$870M	$X.XB	—	X.Xx	X.Xx
Magic Software	$866M	$X.XB	—	X.Xx	X.Xx
CANCOM	$849M	$X.XB	$2B	X.Xx	X.Xx
Sonata Software	$817M	$X.XB	$1B	X.Xx	X.Xx
Quest Holdings	$812M	$X.XB	$2B	X.Xx	X.Xx
Brilliance Technology	$802M	$X.XB	—	X.Xx	X.Xx
Tinexta	$801M	$X.XB	$532M	X.Xx	X.Xx
Newgen Software Technologies	$788M	$X.XB	$172M	X.Xx	X.Xx
Shanghai Wisdom Info Tech	$780M	$X.XB	—	X.Xx	X.Xx
Data#3	$734M	$X.XB	$2B	X.Xx	X.Xx
CSE Global	$729M	$X.XB	$789M	X.Xx	X.Xx
cyber_Folks	$725M	$X.XB	$240M	X.Xx	X.Xx
Xinjiang Sailing Inf	$723M	$X.XB	—	X.Xx	X.Xx
Systems Ltd.	$706M	$X.XB	$302M	X.Xx	X.Xx
Daou Data	$703M	$X.XB	—	X.Xx	X.Xx
Argo Graphics	$691M	$X.XB	$469M	X.Xx	X.Xx
Infibeam Avenues	$684M	$X.XB	$785M	X.Xx	X.Xx
SNP Group	$675M	$X.XB	$337M	X.Xx	X.Xx
Datagroup	$675M	$X.XB	$657M	X.Xx	X.Xx
Malam Team	$668M	$X.XB	—	X.Xx	X.Xx
Asseco Business Solutions	$666M	$X.XB	$130M	X.Xx	X.Xx
Aubay	$651M	$X.XB	$707M	X.Xx	X.Xx
CI&T	$640M	$X.XB	$502M	X.Xx	X.Xx
Bravura Solutions	$639M	$X.XB	$189M	X.Xx	X.Xx
Meeza QSTP	$604M	$X.XB	$118M	X.Xx	X.Xx
Plus Alpha Consulting	$594M	$X.XB	$115M	X.Xx	X.Xx
Happiest Minds Technologies	$588M	$X.XB	$251M	X.Xx	X.Xx
Troy Information Technology	$585M	$X.XB	—	X.Xx	X.Xx
Grid Dynamics	$579M	$X.XB	$419M	X.Xx	X.Xx
JBCC Holdings	$579M	$X.XB	$478M	X.Xx	X.Xx
IndoInternet	$571M	$X.XB	—	X.Xx	X.Xx
Altia Consultores	$559M	$X.XB	—	X.Xx	X.Xx
Mastek	$543M	$X.XB	$412M	X.Xx	X.Xx
Aurionpro Solutions	$535M	$X.XB	$160M	X.Xx	X.Xx
Global Dominion Access	$527M	$X.XB	$1B	X.Xx	X.Xx
Bouvet	$524M	$X.XB	$413M	X.Xx	X.Xx
Toukei Computer	$497M	$X.XB	$134M	X.Xx	X.Xx
Datamatics Global Services	$497M	$X.XB	—	X.Xx	X.Xx
Mitsubishi Research	$493M	$X.XB	$785M	X.Xx	X.Xx
Altron	$491M	$X.XB	$574M	X.Xx	X.Xx
Edarat Group	$471M	$X.XB	—	X.Xx	X.Xx
Techmatrix	$464M	$X.XB	$444M	X.Xx	X.Xx
GFT Technologies	$455M	$X.XB	$1B	X.Xx	X.Xx
Adesso	$453M	$X.XB	$2B	X.Xx	X.Xx
Japan Business Systems	$441M	$X.XB	$1B	X.Xx	X.Xx
Mia Teknoloji	$437M	$X.XB	—	X.Xx	X.Xx
TechNVision	$434M	$X.XB	—	X.Xx	X.Xx
Sygnity	$432M	$X.XB	—	X.Xx	X.Xx
Metrodata Electronics	$416M	$X.XB	—	X.Xx	X.Xx
TXT Group	$412M	$X.XB	$471M	X.Xx	X.Xx
Change Holdings	$409M	$X.XB	$318M	X.Xx	X.Xx
Saudi AZM	$397M	$X.XB	—	X.Xx	X.Xx
Novabase	$396M	$X.XB	—	X.Xx	X.Xx
Computer Eng & Consulting	$390M	$X.XB	$416M	X.Xx	X.Xx
Cresco	$387M	$X.XB	$396M	X.Xx	X.Xx
R Systems International	$378M	$X.XB	$228M	X.Xx	X.Xx
Noventiq	$369M	$X.XB	—	X.Xx	X.Xx
I'LL Japan	$366M	$X.XB	$131M	X.Xx	X.Xx
ExaWizards	$365M	$X.XB	$74M	X.Xx	X.Xx
Base Co.	$364M	$X.XB	$144M	X.Xx	X.Xx
Computer Direct Group	$358M	$X.XB	—	X.Xx	X.Xx
The Hackett Group	$354M	$X.XB	$300M	X.Xx	X.Xx
Rimini Street	$341M	$X.XB	$425M	X.Xx	X.Xx
Izertis	$337M	$X.XB	$224M	X.Xx	X.Xx
Sword	$336M	$X.XB	$420M	X.Xx	X.Xx
Digital Value	$335M	$X.XB	$797M	X.Xx	X.Xx
Baudroie	$334M	$X.XB	$110M	X.Xx	X.Xx
Tasuki Holdings	$326M	$X.XB	—	X.Xx	X.Xx
TDC Soft	$321M	$X.XB	$304M	X.Xx	X.Xx
Knowit	$320M	$X.XB	$637M	X.Xx	X.Xx
Japan System Techniques	$311M	$X.XB	$201M	X.Xx	X.Xx
Comp	$311M	$X.XB	$252M	X.Xx	X.Xx
Cmc	$309M	$X.XB	$351M	X.Xx	X.Xx
63 Moons	$302M	$X.XB	—	X.Xx	X.Xx
Ditto (Thailand)	$298M	$X.XB	$105M	X.Xx	X.Xx
Hitit	$293M	$X.XB	$46M	X.Xx	X.Xx
Patek	$292M	$X.XB	—	X.Xx	X.Xx
Fixstars	$288M	$X.XB	$62M	X.Xx	X.Xx
ARD Grup	$288M	$X.XB	—	X.Xx	X.Xx
Sonda	$285M	$X.XB	$2B	X.Xx	X.Xx
Austriacard	$284M	$X.XB	$424M	X.Xx	X.Xx
Econocom Group	$284M	$X.XB	$3B	X.Xx	X.Xx
Proact IT Group	$280M	$X.XB	$523M	X.Xx	X.Xx
Infotel	$278M	$X.XB	$339M	X.Xx	X.Xx
TSS Inc.	$274M	$X.XB	$233M	X.Xx	X.Xx
Acer E-Enabling Service	$269M	$X.XB	$300M	X.Xx	X.Xx
Sky ICT	$268M	$X.XB	$329M	X.Xx	X.Xx
Cyient DLM	$267M	$X.XB	$143M	X.Xx	X.Xx
Trifork Group	$265M	$X.XB	$263M	X.Xx	X.Xx
Protean eGov Technologies	$263M	$X.XB	$101M	X.Xx	X.Xx
Redcentric	$259M	$X.XB	$179M	X.Xx	X.Xx
Network People Services	$259M	$X.XB	—	X.Xx	X.Xx
Metaage	$257M	$X.XB	—	X.Xx	X.Xx
DNeX	$253M	$X.XB	$282M	X.Xx	X.Xx
Knowmad Mood	$252M	$X.XB	$329M	X.Xx	X.Xx
Mastersystem Infotama	$252M	$X.XB	$341M	X.Xx	X.Xx
Endava	$246M	$X.XB	$996M	X.Xx	X.Xx
Lotte Innovate	$245M	$X.XB	$827M	X.Xx	X.Xx
ISG	$232M	$X.XB	$246M	X.Xx	X.Xx
Gofore	$231M	$X.XB	$234M	X.Xx	X.Xx
Brightcom Group	$228M	$X.XB	—	X.Xx	X.Xx
Allgeier	$228M	$X.XB	$414M	X.Xx	X.Xx
Synagistics	$228M	$X.XB	—	X.Xx	X.Xx
Coocon	$227M	$X.XB	$48M	X.Xx	X.Xx
Dustin Group	$211M	$X.XB	$2B	X.Xx	X.Xx
InfoBeans	$210M	$X.XB	—	X.Xx	X.Xx
Saksoft	$204M	$X.XB	—	X.Xx	X.Xx
All for One Group	$204M	$X.XB	$590M	X.Xx	X.Xx
Infomina	$202M	$X.XB	$58M	X.Xx	X.Xx
FDM Group	$199M	$X.XB	$231M	X.Xx	X.Xx
Info-Tech Systems	$197M	$X.XB	$45M	X.Xx	X.Xx
Columbus	$191M	$X.XB	$244M	X.Xx	X.Xx
oRo Co.	$191M	$X.XB	$55M	X.Xx	X.Xx
System Research	$187M	$X.XB	$179M	X.Xx	X.Xx
Digital Information Technologies	$187M	$X.XB	$163M	X.Xx	X.Xx
Digia	$186M	$X.XB	$256M	X.Xx	X.Xx
ZG Group	$185M	$X.XB	—	X.Xx	X.Xx
Crexendo	$180M	$X.XB	$74M	X.Xx	X.Xx
Computer Institute	$179M	$X.XB	$182M	X.Xx	X.Xx
Amiya	$177M	$X.XB	$39M	X.Xx	X.Xx
Vertiseit	$173M	$X.XB	$76M	X.Xx	X.Xx
Aptitude Software	$171M	$X.XB	$89M	X.Xx	X.Xx
Unisys	$168M	$X.XB	$2B	X.Xx	X.Xx
Exsitec	$167M	$X.XB	$100M	X.Xx	X.Xx
Blue Cloud Softech	$165M	$X.XB	—	X.Xx	X.Xx
Sys-Dat	$164M	$X.XB	$105M	X.Xx	X.Xx
Serviceware	$163M	$X.XB	$140M	X.Xx	X.Xx
Elad Software	$160M	$X.XB	—	X.Xx	X.Xx
NNIT	$159M	$X.XB	$282M	X.Xx	X.Xx
Magellanic Cloud	$157M	$X.XB	—	X.Xx	X.Xx
Atturra	$154M	$X.XB	$240M	X.Xx	X.Xx
Abra IT	$154M	$X.XB	—	X.Xx	X.Xx
Cheops Technology	$152M	$X.XB	—	X.Xx	X.Xx
ISB Corporation	$143M	$X.XB	$241M	X.Xx	X.Xx
Real Consulting	$142M	$X.XB	$57M	X.Xx	X.Xx
Forte	$141M	$X.XB	—	X.Xx	X.Xx
Spyrosoft	$139M	$X.XB	—	X.Xx	X.Xx
Access	$138M	$X.XB	—	X.Xx	X.Xx
Galaxy Software Services	$133M	$X.XB	—	X.Xx	X.Xx
Keyrus	$133M	$X.XB	—	X.Xx	X.Xx
Allied	$132M	$X.XB	—	X.Xx	X.Xx
Digital Hearts Holdings	$131M	$X.XB	$249M	X.Xx	X.Xx
Expleo Solutions	$129M	$X.XB	—	X.Xx	X.Xx
Glintt Global	$129M	$X.XB	—	X.Xx	X.Xx
Dynacons	$126M	$X.XB	—	X.Xx	X.Xx
Needs Well	$124M	$X.XB	$65M	X.Xx	X.Xx
Performance Technologies	$123M	$X.XB	$110M	X.Xx	X.Xx
Kody Technolab	$121M	$X.XB	—	X.Xx	X.Xx
Sngular	$120M	$X.XB	—	X.Xx	X.Xx
Softronic	$119M	$X.XB	—	X.Xx	X.Xx
Sure Global Technology	$117M	$X.XB	—	X.Xx	X.Xx
Spir Group	$117M	$X.XB	—	X.Xx	X.Xx
q.beyond	$117M	$X.XB	$212M	X.Xx	X.Xx
Prevas	$115M	$X.XB	$183M	X.Xx	X.Xx
Kellton Tech Solutions	$114M	$X.XB	$128M	X.Xx	X.Xx
Solutions 30	$108M	$X.XB	$1B	X.Xx	X.Xx
Bharat Global Developers	$107M	$X.XB	—	X.Xx	X.Xx
E-Data	$107M	$X.XB	—	X.Xx	X.Xx
Quick Heal Technologies	$98M	$X.XB	—	X.Xx	X.Xx
Sahana System	$97M	$X.XB	—	X.Xx	X.Xx
Alithya Group	$97M	$X.XB	$351M	X.Xx	X.Xx
Software Mansion	$95M	$X.XB	—	X.Xx	X.Xx
Zeuus	$94M	$X.XB	—	X.Xx	X.Xx
Purity Tech	$93M	$X.XB	—	X.Xx	X.Xx
Dotsoft	$93M	$X.XB	—	X.Xx	X.Xx
Spindox	$91M	$X.XB	—	X.Xx	X.Xx
Kapsch TrafficCom	$90M	$X.XB	$485M	X.Xx	X.Xx
CSP Inc.	$89M	$X.XB	—	X.Xx	X.Xx
XBP Europe	$88M	$X.XB	—	X.Xx	X.Xx
AtaTP	$87M	$X.XB	—	X.Xx	X.Xx
Loihde	$85M	$X.XB	$171M	X.Xx	X.Xx
Polaris AI	$81M	$X.XB	—	X.Xx	X.Xx
CAG Group	$81M	$X.XB	$94M	X.Xx	X.Xx
Asiana IDT	$80M	$X.XB	—	X.Xx	X.Xx
Leishen Energy Holding	$78M	$X.XB	—	X.Xx	X.Xx
Ksolves	$78M	$X.XB	—	X.Xx	X.Xx
Vakrangee	$77M	$X.XB	—	X.Xx	X.Xx
Mastech Digital	$76M	$X.XB	$191M	X.Xx	X.Xx
Mindteck (India)	$74M	$X.XB	—	X.Xx	X.Xx
Novotek	$74M	$X.XB	—	X.Xx	X.Xx
Matica Fintec	$73M	$X.XB	—	X.Xx	X.Xx
Ubicom Holdings	$73M	$X.XB	$37M	X.Xx	X.Xx
Groundhog	$73M	$X.XB	—	X.Xx	X.Xx
Passus	$72M	$X.XB	—	X.Xx	X.Xx
Allied Digital Services	$72M	$X.XB	—	X.Xx	X.Xx
Boldt	$68M	$X.XB	—	X.Xx	X.Xx
Ilyda	$68M	$X.XB	—	X.Xx	X.Xx
Audius	$67M	$X.XB	$123M	X.Xx	X.Xx
CombinedX	$67M	$X.XB	$106M	X.Xx	X.Xx
NINtec Systems	$64M	$X.XB	—	X.Xx	X.Xx
Cenit	$62M	$X.XB	$240M	X.Xx	X.Xx
Itera	$61M	$X.XB	$88M	X.Xx	X.Xx
LGMS	$60M	$X.XB	$12M	X.Xx	X.Xx
Ailleron	$60M	$X.XB	$167M	X.Xx	X.Xx
Pro Inside	$59M	$X.XB	—	X.Xx	X.Xx
Arribatec Group	$59M	$X.XB	$63M	X.Xx	X.Xx
Delta Group	$57M	$X.XB	—	X.Xx	X.Xx
Technologies	$54M	$X.XB	—	X.Xx	X.Xx
White Pearl Technology	$53M	$X.XB	$60M	X.Xx	X.Xx
Orbis	$51M	$X.XB	—	X.Xx	X.Xx
Webstep	$50M	$X.XB	$86M	X.Xx	X.Xx
Creactives Group	$50M	$X.XB	$8M	X.Xx	X.Xx
Space Hellas	$50M	$X.XB	—	X.Xx	X.Xx
Ctac	$49M	$X.XB	$152M	X.Xx	X.Xx
Circle Italy	$49M	$X.XB	—	X.Xx	X.Xx
Cuatroochenta	$49M	$X.XB	—	X.Xx	X.Xx
Quality and Reliability	$47M	$X.XB	$20M	X.Xx	X.Xx
Telelink Business Services	$45M	$X.XB	$172M	X.Xx	X.Xx
XPlus	$43M	$X.XB	—	X.Xx	X.Xx
COSOL	$38M	$X.XB	$73M	X.Xx	X.Xx
Siili Solutions	$36M	$X.XB	$127M	X.Xx	X.Xx
NTG Clarity Networks	$35M	$X.XB	$61M	X.Xx	X.Xx
4C Group	$34M	$X.XB	$39M	X.Xx	X.Xx
Alletec	$34M	$X.XB	—	X.Xx	X.Xx
B3 Consulting Group	$33M	$X.XB	$133M	X.Xx	X.Xx
Trident Techlabs	$33M	$X.XB	—	X.Xx	X.Xx
Softing	$33M	$X.XB	$102M	X.Xx	X.Xx
Digital Workforce Services	$32M	$X.XB	$35M	X.Xx	X.Xx
IT Link	$32M	$X.XB	$95M	X.Xx	X.Xx
Atende	$31M	$X.XB	—	X.Xx	X.Xx
Danlaw Technologies	$31M	$X.XB	—	X.Xx	X.Xx
Gloster Digital Group	$28M	$X.XB	—	X.Xx	X.Xx
Siav	$28M	$X.XB	$42M	X.Xx	X.Xx
Prologue	$27M	$X.XB	$56M	X.Xx	X.Xx
Alphalogic Techsys	$27M	$X.XB	—	X.Xx	X.Xx
Avensia	$27M	$X.XB	$46M	X.Xx	X.Xx
Observit	$26M	$X.XB	—	X.Xx	X.Xx
Proacta	$26M	$X.XB	—	X.Xx	X.Xx
Trident Digital	$26M	$X.XB	—	X.Xx	X.Xx
Com Tel	$26M	$X.XB	—	X.Xx	X.Xx
Vincit	$26M	$X.XB	$80M	X.Xx	X.Xx
LS telcom	$25M	$X.XB	$44M	X.Xx	X.Xx
HiTechPros	$24M	$X.XB	—	X.Xx	X.Xx
Sevenet	$24M	$X.XB	—	X.Xx	X.Xx
Witted Megacorp	$23M	$X.XB	$63M	X.Xx	X.Xx
Seven Principles	$23M	$X.XB	—	X.Xx	X.Xx
Dataproces Group	$23M	$X.XB	—	X.Xx	X.Xx
P.N. Promise	$23M	$X.XB	—	X.Xx	X.Xx
2B Intelligent	$22M	$X.XB	—	X.Xx	X.Xx
Reti	$22M	$X.XB	—	X.Xx	X.Xx
Altitude Group	$22M	$X.XB	$37M	X.Xx	X.Xx
Triona	$21M	$X.XB	—	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
Fabrity	$19M	$X.XB	—	X.Xx	X.Xx
11 88 0 Solutions	$19M	$X.XB	—	X.Xx	X.Xx
Kps	$18M	$X.XB	—	X.Xx	X.Xx
SOFTWeb - Adaptive IT	$18M	$X.XB	—	X.Xx	X.Xx
Neurosoft	$18M	$X.XB	—	X.Xx	X.Xx
SysGroup	$16M	$X.XB	$27M	X.Xx	X.Xx
Talex	$15M	$X.XB	—	X.Xx	X.Xx
Sygnis	$15M	$X.XB	—	X.Xx	X.Xx
It Way	$14M	$X.XB	—	X.Xx	X.Xx
DevPort	$14M	$X.XB	—	X.Xx	X.Xx
Frontwalker	$13M	$X.XB	—	X.Xx	X.Xx
QPR Software	$13M	$X.XB	$7M	X.Xx	X.Xx
Vantea Smart	$13M	$X.XB	—	X.Xx	X.Xx
MakoLab	$12M	$X.XB	—	X.Xx	X.Xx
Sunway Network	$12M	$X.XB	—	X.Xx	X.Xx
ViVeTech	$10M	$X.XB	—	X.Xx	X.Xx
Yarrl	$10M	$X.XB	—	X.Xx	X.Xx
Aixia Group	$10M	$X.XB	—	X.Xx	X.Xx
SolidX	$10M	$X.XB	—	X.Xx	X.Xx
KBJ S.A.	$10M	$X.XB	—	X.Xx	X.Xx
Revenga Ingenieros	$10M	$X.XB	—	X.Xx	X.Xx
Hardwario	$9M	$X.XB	—	X.Xx	X.Xx
Sedivio	$9M	$X.XB	—	X.Xx	X.Xx
Data Storage	$9M	$X.XB	$12M	X.Xx	X.Xx
plenum	$8M	$X.XB	—	X.Xx	X.Xx
Solteq	$8M	$X.XB	$53M	X.Xx	X.Xx
UTI Group	$8M	$X.XB	—	X.Xx	X.Xx
Witbe	$8M	$X.XB	$23M	X.Xx	X.Xx
Global Engine Group	$8M	$X.XB	—	X.Xx	X.Xx
GBS Software	$8M	$X.XB	—	X.Xx	X.Xx
River Tech	$7M	$X.XB	—	X.Xx	X.Xx
Realtech	$7M	$X.XB	—	X.Xx	X.Xx
Suntech	$7M	$X.XB	—	X.Xx	X.Xx
Impianti	$7M	$X.XB	—	X.Xx	X.Xx
OrangeKloud	$7M	$X.XB	$4M	X.Xx	X.Xx
Vee	$7M	$X.XB	—	X.Xx	X.Xx
Medondo Holding	$7M	$X.XB	$2M	X.Xx	X.Xx
Wirtek	$7M	$X.XB	—	X.Xx	X.Xx
Lukardi	$7M	$X.XB	—	X.Xx	X.Xx
OPTeam	$7M	$X.XB	—	X.Xx	X.Xx
CPI Computer Peripherals	$7M	$X.XB	—	X.Xx	X.Xx
Flowscape Technology	$6M	$X.XB	—	X.Xx	X.Xx
Betacom	$6M	$X.XB	—	X.Xx	X.Xx
Cloudia Research	$5M	$X.XB	—	X.Xx	X.Xx
Softblue	$5M	$X.XB	—	X.Xx	X.Xx
E-Xim IT	$4M	$X.XB	—	X.Xx	X.Xx
Beewize	$4M	$X.XB	—	X.Xx	X.Xx
CPU Softwarehouse	$4M	$X.XB	—	X.Xx	X.Xx
Vidhance	$4M	$X.XB	—	X.Xx	X.Xx
One2Tribe	$4M	$X.XB	—	X.Xx	X.Xx
Pointpack	$4M	$X.XB	—	X.Xx	X.Xx
CalEthos	$4M	$X.XB	—	X.Xx	X.Xx
TenderHut	$4M	$X.XB	—	X.Xx	X.Xx
GECI International	$3M	$X.XB	—	X.Xx	X.Xx
NorCom Info Tech	$3M	$X.XB	—	X.Xx	X.Xx
Sirius Media	$3M	$X.XB	—	X.Xx	X.Xx
Fram Skandinavien	$2M	$X.XB	—	X.Xx	X.Xx
Holdflight	$2M	$X.XB	—	X.Xx	X.Xx
X3 Holdings	$1M	$X.XB	—	X.Xx	X.Xx
BizTech Konsulting	$1M	$X.XB	—	X.Xx	X.Xx
Time People Group	$1M	$X.XB	—	X.Xx	X.Xx
Mineral Midrange	$1M	$X.XB	—	X.Xx	X.Xx
Cogia	$690K	$X.XB	—	X.Xx	X.Xx
Axenio	$671K	$X.XB	—	X.Xx	X.Xx
ICSA (India)	$296K	$X.XB	—	X.Xx	X.Xx
tiscon	$209K	$X.XB	—	X.Xx	X.Xx
Almawave	—	$X.XB	—	X.Xx	X.Xx