Total technology industry cloud M&A deals worth $1.11bn were announced globally in February 2021, led by Kaleyra’s $215m acquisition of mGage, according to GlobalData’s deals database.
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The value marked a decrease of 96.7% over the previous month of $33.14bn and a drop of 91.9% when compared with the last 12-month average, which stood at $13.71bn.
Comparing cloud M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $715.54m. At the country level, the US topped the list in terms of deal value at $649.78m.
In terms of volumes, North America emerged as the top region for technology industry cloud M&A deals globally, followed by Europe and then Asia-Pacific.
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By GlobalDataThe top country in terms of cloud M&A deals activity in February 2021 was the US with 50 deals, followed by the UK with nine and India with six.
In 2021, as of February, technology cloud M&A deals worth $34.25bn were announced globally, marking an increase of 347% year on year.
technology industry cloud M&A deals in February 2021: Top deals
The top five cloud M&A deals accounted for 71.5% of the overall value during February 2021.
The combined value of the top five technology cloud M&A deals stood at $796m, against the overall value of $1.11bn recorded for the month.
The top five technology industry cloud M&A deals of February 2021 tracked by GlobalData were:
1) Kaleyra’s $215m acquisition of mGage
2) The $156m acquisition of Bridgecrew by Palo Alto Networks
3) Sentinel labs’ $155m acquisition of Scalyr
4) The $150m acquisition of Haygot Education by Think and Learn
5) Antares Vision’s acquisition of rfXcel for $120m.
