Total technology industry cloud M&A deals worth $178.93m were announced in Europe in February 2021, led by Tenable’s $98m acquisition of Alsid, according to GlobalData’s deals database.
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The value marked a decrease of 98.6% over the previous month of $12.99bn and a drop of 96.4% when compared with the last 12-month average of $4.9bn.
Europe held a 16.12% share of the global technology industry cloud M&A deal value that totalled $1.11bn in February 2021. With an 8.83% share and deals worth $98m, France was the top country in Europe’s cloud M&A deal value across technology industry.
In terms of cloud M&A deal activity, Europe recorded 29 deals during February 2021, marking a decrease of 36.96% over the previous month and a drop of 14.71% over the 12-month average. The UK recorded nine deals during the month.
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Europe technology industry cloud M&A deals in February 2021: Top deals
The top three technology industry cloud M&A deals accounted for 97.19% of the overall value during February 2021.
The combined value of the top three technology cloud deals stood at $173.74m, against the overall value of $178.93m recorded for the month.
The top three technology industry cloud M&A deals of February 2021 tracked by GlobalData were:
1) Tenable’s $98m acquisition of Alsid
2) The $55m acquisition of SignRequest by Box
3) Node4’s $20.75m acquisition of Starcom Technologies Ltd