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M&A Companies Rush to Upgrade Technology, Spurring Enterprise IT Deals

May 12, 2021
Massive Upgrade Cycle
Digital transformation and mass migration to the cloud are the two dominant IT sector themes that took hold across the business world in 2020, and these themes are expected to continue to play out in the slow return to normalcy in 2021. Many economically ravaged sectors, such as hospitality, are fighting for survival, and scrambling to make up lost ground. To adapt in a post-Covid world, they’ll need to run more efficiently while adapting to new consumer habits and expectations, as well as supply-chain reconfigurations. Heady stuff for industries accustomed to a pre-Covid playbook.
Regardless of whether a particular sector or company is teetering because of pandemic shutdowns, or rocketing upward, or reversing course with the reopening, there is “a massive upgrade cycle, with a ton of cash going to enterprise IT,” said ....

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