This is surprising. Consultancies are generally worth 1.25x their annual revenue, or 5x their EBIDTA meaning they are doing 52mm in annual revenue or 13mm in EBIDTA. Perhaps the multiple is significantly higher for the client book.
hiring and onboarding 300 "hot" mobile developers (well more probably something like 100 devs plus 100 PM/mgr/etc plus 100 GSA) - this way they paid 200K/head and have them from day 1. Add client book too.
