1. Deals Analysis
August 27, 2021

Technology industry cloud deals total $37bn globally in July 2021

By Carmen

Total technology industry cloud deals worth $37bn were announced globally for July 2021, with the $15.15bn acquisition of Five9 being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 80.6% over the previous month of $20.48bn and a rise of 35.6% when compared with the last 12-month average of $27.27bn.

In terms of number of cloud deals, the sector saw a drop of 6.10% with 308 deals in July 2021 when compared to the last 12-month average of 328 deals.

In value terms, North America led the activity with cloud deals worth $29.65bn in July 2021.

technology industry cloud deals in July 2021: Top deals

The top five cloud deals accounted for 76.3% of the overall value during July 2021.

The combined value of the top five cloud deals stood at $28.23bn, against the overall value of $37bn recorded for the month.

The top five technology industry cloud 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) Iliad $3.7bn acquisition deal with Xavier Niel

4) The $1.2bn acquisition of ServiceChannel.com by Fortive

5) Articulate Global $1.5bn venture financing deal with Blackstone Growth,General Atlantic,ICONIQ Growth and LionTree

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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