Mergers and acquisitions
Tech Industry M&A Market Holds Strong
The number of mergers and acquisitions in the tech industry dropped slightly in Q3 while deal value went up 3 percent from Q2, new research shows.
Holding Steady
There were 62 tech industry M&A deals in the third quarter of worth $25.1 billion, compared with 65 deals worth $24.2 billion in the second quarter.
Industry Sectors: Software
In the third quarter, there were 26 M&A software deals worth $15.5 billion, up sharply from the second quarter’s 22 M&A software sector deals worth $5.5 billion.
Industry Sectors: Hardware
There were 9 deals worth $3.7 billion in the hardware sector during the third quarter, down from 11 deals worth $9.9 billion in the second quarter.
Industry Sectors: Internet
In the third quarter, there were 7 deals worth $2.5 billion in the Internet sector, down from 9 deals worth $3.2 billion in the second quarter.
Industry Sectors: IT Services
In the third quarter, there were 11 IT services deals with $1.9 billion, down from 15 IT services deals worth $4.5 billion in the second quarter.
Industry Sectors: Semiconductors
There were 9 semiconductor deals worth $1.5 billion in the third quarter, slightly up from 8 semiconductor deals worth nearly $1.1 billion in the second quarter.
Top Deals of 3Q: Informatica
In software, Permira Advisers and the Canadian Pension Plan Investment Board offered $5.3 billion for Informatica, which provides enterprise data integration software and services.
Top Deals of 3Q: Broadband Network Solutions business unit of TE Connectivity
In the hardware sector, CommScope acquired the Broadband Network Solutions (BNS) business unit of TE Connectivity for $3.1 billion. BNS comprised the company’s telecommunications, enterprise networks and wireless businesses.
Top Deals of 3Q: Advent Software
In the software sector, SS&C acquired Advent Software, which provides financial services software, for $2.6 billion.
Top Deals of 3Q: Orbitz
In the Internet sector, Expedia purchased Orbitz, an online travel services business and rival, for $1.6 billion.
Top Deals of 3Q: Virtustream
In software, EMC bough Virtustream, a cloud services and software company, for $1.2 billion.