Recent Spike in BFSI Engineering M&A

Key M&A Deals in BFSI Engineering

The BFSI (Banking, Financial Services, and Insurance) sector has witnessed a significant surge in mergers and acquisitions (M&A) between September 2024 and January 2025. This trend highlights a revival in BFSI engineering, with major players acquiring firms to strengthen their technological capabilities and market presence.

1. Persistent Acquires SoHo Dragon
   Area: Capital Markets, US
   Persistent is acquiring select assets from SoHo Dragon for $4.7 million. These assets generate an annual revenue of $9.3 million. SoHo Dragon is a Wall Street-based consulting and staffing firm specializing in complex tech deployments. This acquisition strengthens Persistent’s footprint in capital markets technology.
2. Globant Acquires Blankfactor
   Area: Payments, US, UK
   Globant, a US-based product engineering firm, has acquired Blankfactor to enhance its payments, banking, and fintech services. With over 450 professionals, Blankfactor’s expertise strengthens Globant’s presence in North America and the UK.
3. Grid Dynamics Acquires JUXT
   Area: Banking, Data System, UK
   Grid Dynamics has acquired JUXT, a UK-based software engineering firm specializing in data-intensive banking solutions, including risk platforms, structured notes, equity derivatives, and financial reporting.
4. EPAM Acquires First Derivative
   Area: Capital Markets, UK
   EPAM Systems has announced the acquisition of First Derivative, a managed services and consulting firm for capital markets with 1,800 global employees. The deal strengthens EPAM’s presence in the UK, Ireland, and Europe while adding over 100 new clients.
5. LTTS Acquires Intelliswift
   Area: Fintech
   LTTS has acquired Intelliswift, a software product engineering ISV specializing in fintech and retail solutions, enhancing its capabilities in financial services technology.
6. Nagarro Acquires FWD View
   Area: Data Solutions, UK
   Nagarro has acquired FWD View, a UK-based firm specializing in financial market data transformation and visualization solutions. This acquisition bolsters Nagarro’s data engineering capabilities in financial services.
7. Accenture Acquires Percipient
   Area: Modernization, Data
   Accenture has acquired Singapore-based Percipient, a digital twin technology platform for banks. This platform acts as a virtual duplicate of legacy banking systems, enabling modernization and seamless integration.

BFSI Engineering M&A: A Positive Market Outlook

The recent spike in BFSI engineering M&As indicates strong investor confidence in technology-driven financial services. Companies are actively acquiring firms with niche expertise in data analytics, fintech, payments, and risk management to enhance their service offerings and drive innovation.

This wave of consolidation is expected to continue, reshaping the financial technology landscape and driving efficiency, security, and digital transformation in the BFSI sector.