1. Deals Analysis
April 19, 2022

Australia’s technology industry sees a rise of 4.35% in deal activity in March 2022

By Verdict Staff

Australia’s technology industry saw a rise of 4.35% in overall deal activity during March 2022, when compared with the last 12-month average, led by NCS’s $239.62m acquisition of Dialog, according to GlobalData’s deals database.

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A total of 48 deals worth $741.6m were announced in March 2022, compared with the 12-month average of 46 deals.

venture financing was the leading category in the month in terms of volume with 31 deals, which accounted for 64.6% of all deals.

In second place was M&A with 13 deals, followed by private equity with four transactions, respectively accounting for 27.1% and 8.3% of overall deal activity in the Australia’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in Australia’s technology industry with total deals worth $475.04m, followed by venture financing deals totalled $266.59m.

Australia technology industry deals in March 2022: Top deals

The top five technology industry deals accounted for 83.03% of the overall value during March 2022.

The combined value of the top five technology deals stood at $615.81m, against the overall value of $741.6m recorded for the month.

The top five technology industry deals of March 2022 tracked by GlobalData were:

1) NCS $239.62m acquisition deal with Dialog

2) The $217.89m acquisition of Arq Group Enterprise by NCS

3) AirTree Ventures,Coatue Management,Greenoaks Capital Partners,Index Ventures and Insight Partners $110m venture financing deal with Bolster Creative

4) The $26.6m venture financing of CIMET Sales by iSelect

5) Capital Property Group,Chevron Technology Ventures,CSIRO Financial Services,InterValley Ventures and Telus $21.71m venture financing deal with QuintessenceLabs

Verdict deals analysis methodology

This analysis considers only announced and completed big data deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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