North America’s technology industry saw a rise of 37.09% in deal activity during March 2021, when compared with the last 12-month average, led by Rogers Communications’ $20.83bn acquisition of Shaw Communications, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 972 technology industry deals worth $98.68bn were announced for the region in March 2021, against the 12-month average of 709 deals.
Of all the deal types, venture financing saw most activity in March 2021 with 555 transactions, representing a 57.1% share for the region.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
In second place was M&A with 353 deals, followed by private equity deals with 64 transactions, respectively capturing a 36.3% and 6.6% 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 $72.11bn, while venture financing and private equity deals totalled $13.3bn and $13.27bn, respectively.
North America technology industry deals in March 2021: Top deals
The top five technology deals accounted for 53.9% of the overall value during March 2021.
The combined value of the top five technology deals stood at $53.17bn, against the overall value of $98.68bn recorded for the month.
The top five technology industry deals of March 2021 tracked by GlobalData were:
1) Rogers Communications’ $20.83bn acquisition of Shaw Communications
2) The $10bn merger deal with ironSource and Thoma Bravo Advantage
3) Hitachi’s $9.5bn acquisition of GlobalLogic
4) The $6.5bn acquisition of Auth0 by Okta
5) The merger of SYNNEX and Tech Data for $6.33bn.