Total Technology industry cloud deals worth $34bn were announced globally for April 2022, with the Brookfield Business Partners $8.3bn private equity deal with CDK Global being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 167.6% over the previous month of $12.7bn and a rise of 89% when compared with the last 12-month average of $17.98bn.
In terms of number of cloud deals, the sector saw a flat growth with 323 deals in April 2022 when compared to the last 12-month average of 323 deals.
In value terms, North America led the activity with cloud deals worth $30.82bn in April 2022.
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Technology industry cloud deals in April 2022: Top deals
The top five cloud deals accounted for 80.3% of the overall value during April 2022.
The combined value of the top five cloud deals stood at $27.3bn, against the overall value of $34bn recorded for the month.
The top five Technology industry cloud deals of April 2022 tracked by GlobalData were:
1) Brookfield Business Partners $8.3bn private equity deal with CDK Global
2) The $6.9bn private equity of SailPoint Technologies by Thoma Bravo
3) Kaseya $6.2bn acquisition deal with Datto
4) The $4bn private equity of Barracuda Networks by KKRInc
5) Advanced Micro Devices $1.9bn acquisition deal with Pensando Systems