North America’s technology industry saw a drop of 15.3% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 569 technology industry deals worth $36.97bn were announced for the region in June 2019, against the 12-month average of 672 deals.
Of all the deal types, venture financing saw most activity in June 2019 with 367 transactions, representing a 64.5% share for the region.
In second place was M&A with 170 deals, followed by private equity deals with 32 transactions, respectively capturing a 29.9% and 5.6% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s technology industry with $31.82bn, while venture financing and private equity deals totalled $4.79bn and $366.27m, respectively.
North America technology industry deals in June 2019: Top deals
The top five technology deals accounted for 80.04% of the overall value during June 2019.
The combined value of the top five technology deals stood at $29.59bn, against the overall value of $36.97bn recorded for the month. The top announced technology deal tracked by GlobalData in June 2019 was Salesforce.Com’s $15.7bn acquisition of Tableau Software.
In second place was the $10.05bn acquisition of Cypress Semiconductor by Infineon Technologies and in third place was Google’s $2.6bn acquisition of Looker Data Sciences.
The $661.19m merger of Nanometrics and Rudolph Technologies and Insight Enterprises’ acquisition of PCM for $581m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
The State of Technology This Week
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.