Analysis of the key themes driving M&A activity reveals that cybersecurity accounted for 114 technology deals announced in Q1 2023, worth a total value of $3.3bn. The $1.3bn acquisition of Magnet Forensics by Morpheus Purchaser was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.
In value terms, cybersecurity-related deal activity decreased by 45% in Q1 2023 compared with the previous quarter’s total of $6bn and fell by 66% as compared to Q1 2022. Related deal volume decreased by 25% in Q1 2023 versus the previous quarter and was 38% lower than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Canadian Imperial Bank of Commerce; Capital One Financial; Citigroup with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were DLA Piper; Fenwick & West; Galiano Gold with 3, 3, 2 deals respectively.
To further understand GlobalData's Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023, buy the report here.