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.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
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