The pandemic materially accelerated consumer and business adoption of technology fueling growth in e-commerce, cloud, cybersecurity, collaboration platforms, and SaaS implementation.

While we witness the pandemic-driven revenue growth continue into 2023, companies face a major challenge in weathering an anticipated economic slowdown with pressures of cutting labor costs and increasing efficiency.

Cooling investor sentiment due to rising interest rates, recessionary signals, regulatory actions, and geopolitical tensions has resulted in a 22% decline in tech M&A deals in 2022 and is expected to continue into 2023.

The attached Industry Update takes a look at the software and technology-enabled services' headline transactions, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITA) margins, revenue growth, and more.

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For more information, please reach out to project leads Kathleen Lauster, CFA, and Matthew Lapish

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