Total technology industry cloud deals worth $40.49bn were announced globally for January 2021, with the $11.21bn acquisition of Temenos being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 12.02% over the previous month of $46.02bn and a rise of 117% when compared with the last 12-month average of $18.66bn.
In terms of number of cloud deals, the sector saw a drop of 4.76% with 300 deals in January 2021 when compared to the last 12-month average of 315 deals.
In value terms, North America led the activity with cloud deals worth $25.05bn in January 2021.
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By GlobalDatatechnology industry cloud deals in January 2021: Top deals
The top five cloud deals accounted for 77.4% of the overall value during January 2021.
The combined value of the top five cloud deals stood at $31.33bn, against the overall value of $40.49bn recorded for the month.
The top five technology industry cloud deals of January 2021 tracked by GlobalData were:
1) Arab Investment Bank S.A.L.’s $11.21bn acquisition of Temenos
2) The $7.3bn merger of Alight solutions and Foley Trasimene Acquisition
3) Peraton’s $7.1bn acquisition of Perspecta
4) The $4.5bn acquisition deal of Acacia Communications by Cisco Systems
5) SAP’s acquisition deal with Signavio for $1.22bn.
