Macquarie Capital Invests in Procentrix to Enhance IT Solutions for US Federal Agencies
Macquarie Capital has invested in Procentrix, a provider of low-code IT solutions for US federal agencies, to enhance its capabilities in automating workflows as agencies transition from outdated systems. This partnership aims to support Procentrix's growth in the federal IT services market, projected to reach $94.7 billion by 2027, and includes plans for two new AI-powered products set to launch in 2025. The collaboration will also focus on expanding IT modernization frameworks and promoting Microsoft-based solutions.
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Macquarie Capital has invested in Procentrix, a provider of low-code IT solutions for US federal agencies, including civilian and defense sectors. This strategic partnership aims to support Procentrix's growth and capabilities in automating and optimizing workflows as federal agencies move away from outdated systems.
The federal IT services market is projected to grow at a CAGR of 8.6%, reaching $94.7 billion by 2027. The collaboration will enable Procentrix to extend its IT modernization frameworks and cloud integration efforts, while also promoting Microsoft-based solutions.
With this investment, Procentrix plans to enhance its existing services and expand its client portfolio. In 2025, Procentrix will launch two new AI-powered products designed for flexible deployment and integration.
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