Analysis of the key themes driving M&A activity reveals that robo-advice accounted for 8 technology deals announced in Q2 2023, worth a total value of $30.8m. The $26.7m acquisition of myprosperity Pty. by HUB24 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, robo-advice-related deal activity increased by 30700% in Q2 2023 compared with the previous quarter’s total of $0.1m. Related deal volume increased by 300% in Q2 2023 versus the previous quarter and was 700% higher than in Q2 2022.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.