1. Deals Analysis
April 19, 2022updated 21 Apr 2022 10:43am

Technology industry cloud M&A deals total $5.7bn in North America in March 2022

By Carmen

Total technology industry cloud M&A deals worth $5.7bn were announced in North America in March 2022, led by Google’s $5.4bn acquisition of Mandiant, according to GlobalData’s deals database.

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The value marked an increase of 47.6% over the previous month of $3.87bn and a rise of 10.02% when compared with the last 12-month average of $5.19bn.

North America held an 85.48% share of the global technology industry cloud M&A deal value that totalled $6.68bn in March 2022. With an 85.48% share and deals worth $5.71bn, the US was the top country in North America’s cloud M&A deal value across technology industry.

In terms of cloud M&A deal activity, North America recorded 42 deals during March 2022, marking a decrease of 17.65% over the previous month and a drop of 8.70% over the 12-month average. The US recorded 39 deals during the month.

North America technology industry cloud M&A deals in March 2022: Top deals

The top five technology industry cloud M&A deals accounted for 100% of the overall value during March 2022.

The combined value of the top five technology cloud deals stood at $5.71bn, against the overall value of $5.7bn recorded for the month.

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

1) Google $5.4bn acquisition deal with Mandiant

2) The $135.5m acquisition of Segmint by Alkami Technology

3) Information Analysis $90m acquisition deal with Knowmadics

4) The $80m acquisition of NetFortris by Sangoma Technologies

5) TrustBIX $4.24m acquisition deal with Insight Global Technology

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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