Led by $1bn acquisition of Adjust by AppLovin, Europe’s technology industry saw a rise of 6.26% in big data deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 123 big data deals worth $3.07bn were announced for the region during Q1 2021, against the last four-quarter average of 115.75 deals.
Of all the deal types, venture financing saw most activity in Q1 2021 with 60 deals, representing a 48.8% share for the region.
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By GlobalDataIn second place was M&A with 51 deals, followed by private equity deals with 12 transactions, respectively capturing a 41.5% and 9.8% share of the overall big data deal activity for the quarter.
In terms of value of big data deals, M&A was the leading category in Europe’s technology industry with $2.58bn, while venture financing and private equity deals totalled $456.67m and $39.62m, respectively.
Europe technology industry big data deals in Q1 2021: Top deals
The top five technology big data deals accounted for an 80.3% share of the overall value during Q1 2021.
The combined value of the top five big data deals stood at $2.47bn, against the overall value of $3.07bn recorded for the quarter.
The top five technology industry big data deals of Q1 2021 tracked by GlobalData were:
1) AppLovin’s $1bn acquisition of Adjust
2) The $464.3m acquisition of LLC Data Storage Centre by VTB Bank
3) Cision’s $450m acquisition of Runtime Collective
4) The $392m acquisition deal with Humio by CrowdStrike Holdings
5) Medallia’s acquisition of Decibel Insight for $160m.
