Total technology industry cloud deals worth $45.73bn were announced globally for December 2020, with the $27.7bn acquisition of Slack Technologies by Salesforce.Com being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 239.5% over the previous month of $13.47bn and a rise of 187.1% when compared with the last 12-month average of $15.93bn.
In terms of number of cloud deals, the sector saw a drop of 5.14% with 295 deals in December 2020 when compared to the last 12-month average of 311 deals.
In value terms, North America led the activity with cloud deals worth $42.36bn in December 2020.
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By GlobalDatatechnology industry cloud deals in December 2020: Top deals
The top five cloud deals accounted for 88.9% of the overall value during December 2020.
The combined value of the top five cloud deals stood at $40.64bn, against the overall value of $45.73bn recorded for the month.
The top five technology industry cloud deals of December 2020 tracked by GlobalData were:
1) Salesforce.Com’s $27.7bn acquisition of Slack Technologies
2) The $10.2bn private equity deal with RealPage by Thoma Bravo
3) Honeywell International’s $1.3bn acquisition of Sparta Systems
4) The $729.23m acquisition deal of IMImobile by Cisco Systems Holdings UK
5) PTC’s acquisition deal with Arena Solutions for $715m.
