North America’s technology industry saw a drop of 0.69% in cloud deal activity during January 2021, when compared with the last 12-month average, led by $7.3bn acquisition of Alight solutions and Foley Trasimene Acquisition, according to GlobalData’s deals database.
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A total of 144 technology industry cloud deals worth $25.05bn were announced for the region in January 2021, against the 12-month average of 145 deals.
Of all the deal types, venture financing saw most activity in January 2021 with 65 transactions, representing a 45.1% share for the region.
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In second place was M&A with 60 deals, followed by private equity deals with 19 transactions, respectively capturing a 41.7% and 13.2% share of the overall cloud deal activity for the month.
In terms of value of cloud deals, M&A was the leading category in North America’s technology industry with $20.45bn, while private equity and venture financing deals totalled $2.43bn and $2.17bn, respectively.
North America technology industry cloud deals in January 2021: Top deals
The top five technology cloud deals accounted for 79.5% of the overall value during January 2021.
The combined value of the top five technology cloud deals stood at $19.9bn, against the overall value of $25.05bn recorded for the month.
The top five technology industry cloud deals of January 2021 tracked by GlobalData were:
1) The $7.3bn merger of Alight solutions and Foley Trasimene Acquisition
2) The $7.1bn acquisition deal with Perspecta by Peraton
3) Cisco Systems’ $4.5bn acquisition of Acacia Communications
4) The $500m private equity deal with Volterra by F5 Networks
5) The Rise Fund and TPG Growth’s acquisition of Greenhouse Software for $500m.