1. Deals Analysis
June 15, 2022

Technology industry cloud M&A deals total $271.4m in Europe in May 2022

By Carmen

Total technology industry cloud M&A deals worth $271.4m were announced in Europe in May 2022, led by Amdocs’ $188m acquisition of MYCOM OSI, according to GlobalData’s deals database.

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The value marked an increase of 213.1% over the previous month of $86.68m and a drop of 73.9% when compared with the last 12-month average of $1.04bn.

Europe held a 0.39% share of the global technology industry cloud M&A deal value that totalled $69.85bn in May 2022. With a 0.29% share and deals worth $199.42m, the UK 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 45 deals during May 2022, marking an increase of 36.36% over the previous month and a rise of 50.00% over the 12-month average. The UK recorded 18 deals during the month.

Europe technology industry cloud M&A deals in May 2022: Top deals

The top five technology industry cloud M&A deals accounted for 98.9% of the overall value during May 2022.

The combined value of the top five technology cloud deals stood at $268.48m, against the overall value of $271.4m recorded for the month.

The top five technology industry cloud M&A deals of May 2022 tracked by GlobalData were:

1) Amdocs $188m acquisition deal with MYCOM OSI

2) The $67.71m acquisition of SysEleven by Secunet Security Networks

3) Pluribus Technologies $5.8m acquisition deal with Rowanwood Professional Services

4) The $3.76m acquisition of Cedrec Information Systems by Marlowe

5) Entersoft $3.21m acquisition of 75% stake in Bit Software

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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