1. Deals Analysis
June 14, 2022

Technology industry cloud M&A deals total $69.2bn in North America in May 2022

By Carmen

Total technology industry cloud M&A deals worth $69.2bn were announced in North America in May 2022, led by Broadcom’s $69bn acquisition of VMware, according to GlobalData’s deals database.

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The value marked an increase of 712.3% over the previous month of $8.52bn and a rise of 1592.2% when compared with the last 12-month average of $4.09bn.

North America held a 99.08% share of the global technology industry cloud M&A deal value that totalled $69.85bn in May 2022. With a 99.08% share and deals worth $69.21bn, 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 37 deals during May 2022, marking a decrease of 5.13% over the previous month and a drop of 17.78% over the 12-month average. The US recorded 34 deals during the month.

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

The top three technology industry cloud M&A deals accounted for 99.98% of the overall value during May 2022.

The combined value of the top three technology cloud deals stood at $69.20bn, against the overall value of $69.21bn recorded for the month.

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

1) Broadcom $69bn acquisition deal with VMware

2) The $200m acquisition of 200 OK by Paddle.com Market

3) HealthStream $8.16m acquisition deal for 80% stake in CloudCME

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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