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Update on M&A in the Government Technology Sector
Politicians, IT leaders, and citizens are eager for government agencies to deliver modern digital solutions that improve operations and digital service delivery. Several dynamics, including cloud migration, digitization, and adoption of emerging technologies, among others, are contributing to a rapidly evolving GovTech landscape. Large technology companies are moving quickly to establish greater market share, especially as cloud adoption accelerates and government entities strive to offer cloud-based technology capable of delivering services that drive engagement and revenues. In this report, investment bank Harris Williams offers insights and discusses trends driving M&A in the government technology sector.