Total technology industry big data deals worth $2.1bn were announced globally for October 2022, with the $537m merger of Movella and Pathfinder Acquisition being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 7% over the previous month of $2.3bn and a drop of 80.2% when compared with the last 12-month average of $10.79bn.
In terms of number of big data deals, the sector saw a drop of 7.52% with 123 deals in October 2022 when compared to the last 12-month average of 133 deals.
In value terms, North America led the activity with big data deals worth $1.57bn in October 2022.
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technology industry big data deals in October 2022: Top deals
The top five big data deals accounted for 69.7% of the overall value during October 2022.
The combined value of the top five big data deals stood at $1.49bn, against the overall value of $2.1bn recorded for the month.
The top five technology industry big data deals of October 2022 tracked by GlobalData were:
1) The $537m merger deal with Movella and Pathfinder Acquisition
2) The $450m private equity of DataBank by The Investment Managementof Ontario
3) Alphawave IP Group’s $240m acquisition deal with Banias Labs
4) The $146m venture financing of SingleStore by Goldman SachsLLC and Prosperity7 Ventures (Saudi Arabia)
5) BlackRock and Silicon Valley Bank’s $120m private equity deal with Versa Networks