1. Deals Analysis
April 26, 2021updated 16 Nov 2021 5:51am

Technology industry deals total $138.48bn globally in March 2021

By Carmen

Total technology industry deals worth $138.48bn were announced globally for March 2021, with the $20.83bn acquisition of Shaw Communications being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 23.4% over the previous month of $112.26bn and a rise of 50.5% when compared with the last 12-month average of $91.99bn.

In terms of number of deals, the sector saw a rise of 30.98% with 2266 deals in March 2021 when compared to the last 12-month average of 1730 deals.

In value terms, North America led the activity with deals worth $98.68bn in March 2021.

technology industry deals in March 2021: Top deals

The top five deals accounted for 38.4% of the overall value during March 2021.

The combined value of the top five deals stood at $53.17bn, against the overall value of $138.48bn recorded for the month.

The top five technology industry deals of March 2021 tracked by GlobalData were:

1) Rogers Communications’ $20.83bn acquisition of Shaw Communications

2) The $10bn merger of ironSource and Thoma Bravo Advantage

3) Hitachi’s $9.5bn acquisition of GlobalLogic

4) The $6.5bn acquisition deal of Auth0 by Okta

5) The merger deal with SYNNEX and Tech Data for $6.33bn.

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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