1. Deals Analysis
August 29, 2021updated 14 Nov 2021 3:20pm

North America’s technology industry saw a rise of 17.62% in deal activity during July 2021

By Carmen

North America’s technology industry saw a rise of 17.62% in deal activity during July 2021, when compared with the last 12-month average, led by Zoom Video Communications’ $15.15bn acquisition of Five9, according to GlobalData’s deals database.

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A total of 928 technology industry deals worth $59.9bn were announced for the region in July 2021, against the 12-month average of 789 deals.

Of all the deal types, venture financing saw most activity in July 2021 with 613 transactions, representing a 66.1% share for the region.

In second place was M&A with 251 deals, followed by private equity deals with 64 transactions, respectively capturing a 27.05% and 6.9% 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 $24.6bn, while private equity and venture financing deals totalled $21.25bn and $14.06bn, respectively.

North America technology industry deals in July 2021: Top deals

The top five technology deals accounted for 54.5% of the overall value during July 2021.

The combined value of the top five technology deals stood at $32.66bn, against the overall value of $59.9bn recorded for the month.

The top five technology industry deals of July 2021 tracked by GlobalData were:

1) Five9 $15.15bn acquisition deal with Zoom Video Communications

2) The $6.68bn private equity of Medallia by Thoma Bravo

3) Stamps.com $6.6bn private equity deal with Thoma Bravo

4) Lumen Technologies $2.74bn private equity deal with AustralianSuper and Stonepeak Partners

5) The $1.5bn venture financing of Articulate Global by Blackstone Growth,General Atlantic,ICONIQ Growth and LionTree

Verdict deals analysis methodology

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.

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