AI-driven M&As on the rise in IT sector: GrowthPal CEO

Artificial intelligence (AI) is helping information technology (IT) companies find potential merger and acquisition (M&A) targets, leading to a surge in such deals, especially small-ticket ones. Besides, global tech giants such as IBM, Accenture, and others are also making a string of acquisitions of Indian IT/SaaS firms to fortify their capabilities in technology consulting, digital transformation, IT infrastructure, cybersecurity, cloud solutions, and renewable energy analytics.