Total technology industry cloud M&A deals worth $715.54m were announced in North America 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 96.4% over the previous month of $20.01bn and a drop of 91.5% when compared with the last 12-month average of $8.46bn.
North America held a 64.46% share of the global technology industry cloud M&A deal value that totalled $1.11bn in February 2021. With a 58.54% share and deals worth $649.78m, the US was the top country in North America’s cloud M&A deal value across technology industry.
In terms of cloud M&A deal activity, North America recorded 54 deals during February 2021, marking a decrease of 10.00% over the previous month and a rise of 1.89% over the 12-month average. The US recorded 50 deals during the month.
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By GlobalDataNorth America technology industry cloud M&A deals in February 2021: Top deals
The top five technology industry cloud M&A deals accounted for 99.5% of the overall value during February 2021.
The combined value of the top five technology cloud deals stood at $711.76m, against the overall value of $715.54m 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 $120m acquisition of rfXcel by Antares Vision
5) Calian Group’s acquisition of Dapasoft for $65.76m.
