The push for better capabilities and bigger markets drove some pretty significant deals this year.
2019 showed a massive upswing in mergers and acquisitions in the IT sector, and it looks set to continue into 2020. The flurry of companies rushing to strengthen their existing offerings and expand their geographic reach by snapping up other capabilities is at an all-time high.
According to 451 Research’s M&A KnowledgeBase, 2018 technology M&A activity totaled $584 billion; in 2019, that number decreased to $392 billion — about 25% less spent globally on M&A. But that’s still “abnormally high,” said Scott Denne, a research analyst at 451 Research.
Deloitte’s annual study of M&A activity claimed that 73% of tech sector executives expect big deals to continue in the coming year — the highest percentage of any industry. But, their acquisition strategies might be set to change.
“Based on the latest survey results, there may be a pivot away from purchasing a company simply for its technology … Instead, in the next 12 months, corporate respondents note an increased focus on buying a company in order to expand,” the report states.
As we prepare to dive headfirst into 2020, here’s a look back at some of the notable IT mergers and acquisitions we saw in 2019 (in no particular order). Scroll through our slideshow above.
Automated Customer Experience Platform Ada Bolsters CCaaS Business in Channel
The 20 MSP Adds 2 More Companies, Part of Multiyear Growth Plan
No VMware Price Increases, SMB Neglect, Broadcom CEO Vows
Infoblox Rolls Out New Skilled to Secure Partner Program
Motivating Contact Center Agents with Gamification
Benioff Now Sole Salesforce CEO as 3rd Quarter Proves Strong
2023 Is the Remote Work Era
UK MSPs Face Strict New Cyber Regulations
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.