Article

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IT solutions for US federal agencies, to enhance its capabilities in automating workflows as agencies transition from outdated systems.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.