North America’s technology industry saw a drop of 9.15% in cloud deal activity during December 2020, when compared with the last 12-month average, led by Salesforce.Com’s $27.7bn acquisition of Slack Technologies, according to GlobalData’s deals database.

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A total of 129 technology industry cloud deals worth $42.36bn were announced for the region in December 2020, against the 12-month average of 142 deals.

Of all the deal types, M&A saw most activity in December 2020 with 62 transactions, representing a 48.1% share for the region.

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In second place was venture financing with 51 deals, followed by private equity deals with 16 transactions, respectively capturing a 39.5% and 12.4% 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 $30.67bn, while private equity and venture financing deals totalled $10.21bn and $1.48bn, respectively.

North America technology industry cloud deals in December 2020: Top deals

The top five technology cloud deals accounted for 95.3% of the overall value during December 2020.

The combined value of the top five technology cloud deals stood at $40.35bn, against the overall value of $42.36bn recorded for the month.

The top five technology industry cloud deals of December 2020 tracked by GlobalData were:

1) Salesforce.Com’s $27.7bn acquisition of Slack Technologies

2) The $10.2bn private equity deal with RealPage by Thoma Bravo

3) Honeywell International’s $1.3bn acquisition of Sparta Systems

4) The $715m acquisition of Arena Solutions by PTC

5) Lightspeed POS’s acquisition of Upserve for $430m.