RI-2018年Q1数字服务市场回顾（英文版）-2018.4-15页-3mb

Q1 2018 Digital Services Market Review Summary

Core Content

This document is a quarterly market review by Results International, focusing on the Digital Services segment. It outlines key trends, deal activity, and valuation benchmarks in various subsectors of the digital services market, including Data and Analytics, Strategy, UX, Design & Build, Bespoke Software & Systems Integration, eCommerce, and Mobile App Development. The review also highlights the performance of publicly traded companies in IT/Consulting Services and Marketing Communications.

Main Points

• Deal Activity: In Q1 2018, 97 deals were announced, an increase from 75 deals in Q4 2017.
• Most Active Subsectors:
  • Bespoke Software and Systems Integration (57 deals)
  • Strategy, UX, Design & Build (18 deals)
  • eCommerce (8 deals)
  • Mobile App Development (7 deals)
  • Data and Analytics (7 deals)
• Market Performance:
  • IT/Consulting Services increased by 10.5%.
  • Marketing Communications saw a volatile quarter, down 12.5% over the previous twelve months.
  • The Nasdaq gained 0.8%.
• Notable Deals:
  • NEC Corporation acquired Northgate Public Services for £475M.
  • Capgemini acquired LiquidHub for $495M.
  • EY acquired Sonoma Partners.
  • Deloitte acquired API.
  • RE/MAX acquired Surge.
  • Cars.com acquired Launch Digital.
• Key Players:
  • Accenture Interactive and Deloitte Digital were actively growing through acquisitions.
  • Tech Mahindra and Unisys contributed to the growth of the IT/Consulting Services sector.
• Valuation Metrics:
  • Public company valuation benchmarks are provided for both IT/Consulting Services and Marketing Communications sectors.
  • Companies like Accenture, Capgemini, and IBM showed varying levels of revenue and EBITDA growth.
  • Valuation ratios such as EV/Revenue and EV/EBITDA are presented for several companies, indicating market performance and investment potential.

Key Information

• Total Deal Value in 2 Years: Over $1 billion.
• Buyer Universe: Includes 1,000+ buyers and investors.
• Deal Locations: A mix of international and regional deals.
• Valuation Trends:
  • The average EV/Revenue ratio for IT/Consulting Services was 2.4x.
  • The average EV/EBITDA ratio for IT/Consulting Services was 14.0x.
  • For Marketing Communications, the EV/Revenue ratio was 1.2x.
  • The EV/EBITDA ratio for Marketing Communications was 7.5x.
• Industry Insights:
  • The digital transformation is becoming a strategic requirement, leading to increased deal activity.
  • Private equity and traditional buyers remain active in the digital services space.
  • Non-traditional buyers such as real estate and automotive companies are also showing interest in acquiring digital service firms.

Conclusion

The Q1 2018 market review indicates a growing interest in digital services across multiple subsectors, with a focus on Bespoke Software and Systems Integration and Strategy, UX, Design & Build. The IT/Consulting Services sector showed strong growth, while the Marketing Communications sector remained volatile. The report highlights the importance of digital transformation and the potential for growth through acquisitions and fundraising in the digital services space. It also provides a list of publicly traded companies and their performance metrics, offering valuable insights for investors and industry participants.