Announced: August 2025 Deal Value: $11.5 B

Leading human capital management software Dayforce was taken private by the top acquirer in the AI market, Thoma Bravo, for about $11.5 billion at almost 7 times revenue to help the company expand its AI capabilities and become an AI leader in HCM. Additionally, the deal entails a minority investment from the Abu Dhabi Investment Authority.

Announced: August 2025 Deal Value: $6.5 B

Energy intelligence platform Enverus transitioned its ownership from Hellman & Friedman and Genstar Capital to another private equity firm, Blackstone, for an estimated $6.5 billion —representing 10 times revenue — in order to advance energy innovation through AI and real-time analytics.

Announced: July 2025 Deal Value: $24.9 B

The largest deal this year so far happened when Israeli identity security and access software CyberArk Software was pocketed by global cybersecurity leader Palo Alto Networks for approximately $25 billion at 22 times revenue. This acquisition also marks the largest deal Palo Alto has made to date allowing it to enter the identity security market and improve its offering for customers with faster response to emerging AI threats.

Announced: July 2025 Deal Value: $9 B

In the infrastructure management space, high-density computing solutions provider Core Scientific was picked up by AI cloud-computing company CoreWeave in a $9 billion all-stock deal at about 20 times revenue to strengthen its AI capabilities and expand its data center infrastructure by bringing critical operations in-house. This acquisition expands CoreWeave’s access to power and real estate, giving it ownership of 1.3 gigawatts of gross capacity across Core Scientific’s US data center footprint, with another gigawatt available for future expansion.

Announced: July 2025 Deal Value: $3.5 B

In the IT services and consulting sector, leading French IT services company Capgemini acquired Indian business process management company WNS for about $3.5 billion at almost 3 times revenue aiming to create a leader in Intelligent Operations that transforms Business Process Services with GenAI and Agentic AI.

Announced: September 2025 Deal Value: Undisclosed

Japanese industrial and digital systems giant Hitachi acquired German data and AI consulting services company Synvert to boost its Hyper Mobility Asset Expert business through Agentic and Physical AI and expand its presence in Europe and the Middle East. Post transaction, Synvert will become a wholly owned subsidiary of Hitachi's US subsidiary, GlobalLogic, complementing its existing AI and digital engineering capabilities.

Announced: September 2025 Deal Value: $150 M

In the security space, AI-powered cloud e-mail security platform SlashNext was scooped up by data security software Varonis Systems for reported $150M at 10 times revenue, adding AI email security and anti-phishing capabilities to its product offerings. SlashNext allows Varonis to stop threats early in the attack path, removing harmful material from inboxes and protecting humans from multi-channel phishing attacks.

Announced: August 2025 Deal Value: $63.3 M

Breakthroughs in hardware, AI and computer vision systems are giving rise to a new phenomenon in the AI market – “physical AI”, robotic systems capable of perception and autonomous action. One of the recent examples of this trend is $63.3M acquisition of AI-powered autonomous navigation robotic systems, Vayu Robotics, by its larger peer – autonomous sidewalk delivery robots, Serve Robotics, in August. Combining both companies’ technologies, positions serve to train more capable AI models through the fusion of real and simulated data, which could unlock safer and faster robot navigation. It also enables possible expansion into new delivery use cases and operating environments, facilitating faster entry into new customer categories and geographic regions.

Announced: August 2025 Deal Value: $225 M

In light of increased tension and fear of the war spreading further, the defense market in Europe flourishes. Swiss AI-based avionics automation and intelligence systems provider Daedalean was bought by Dutch avionics and defense tech firm Destinus for $225M to advance its flight systems with AI autonomy, situational awareness and innovative decision-making tools. This acquisition indicates a broader shift to the increased utilization of autonomous technologies allowing the uncrewed aircraft or drones to gain awareness of the surrounding environment and act appropriately, even in the absence of a data link to the ground operator.

Announced: July 2025 Deal Value: $17 M

AI technology continues to revolutionize different vertical markets. Notably in July, Norwegian energy geoscience software Earth Science Analytics was sold to Australian mining tech leader Imdex for about $17M to strengthen its pre-drill intelligence and beef up its digital orebody intelligence capabilities across multiple resources markets with AI tools.