Total technology industry deals for January 2020 worth $42,98-billion were announced globally, according to GlobalData’s deals database.
The value marked an increase of 11,9% over the previous month and a drop of 7,8% when compared with the last 12-month average of $46,59-billion.
In terms of number of deals, the sector saw a drop of 12,7% over the last 12-month average with 1 295 deals against the average of 1 483 deals.
In value terms, North America led the activity with deals worth $16,77-billion.
The top five technology deals accounted for 46,9% of the overall value during January 2020.
The combined value of the top five technology deals stood at $20,16-billion, against the overall value of $42,98-billion recorded for the month.
The top five technology industry deals of January 2020 tracked by GlobalData were:
* Visa’s $5,3-billion acquisition of Plaid Technologies
* The $5-billion private equity deal with Veeam Software by Insight Partners
* Hitachi’s $4,9-billion acquisition of Hitachi High-Technologies
* The $2,56-billion acquisition of Global Blue by Far Point Acquisition
* Saudi Telecom’s acquisition of Vodafone Egypt Telecommunications for $2,39-billion.