Salesforce.Com’s $27.7bn acquisition of Slack Technologies was the technology industry’s biggest future of work deal of Q4 2020 as future of work deals worth $36.89bn were announced globally in the quarter, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked an increase of 107.6% over the previous quarter and a rise of 241.3% when compared with the last four-quarter average of $10.81bn.
In terms of number of future of work deals, the sector saw a drop of 52.52% over the last four-quarter average with 160 deals against the average of 337 deals.
In value terms, North America led the activity with future of work deals worth $33.86bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
technology industry future of work deals in Q4 2020: Top deals
The top five technology industry future of work deals accounted for 89.01% of the overall value during Q4 2020.
The combined value of the top five future of work deals stood at $32.84bn, against the overall value of $36.89bn recorded for the quarter.
The top five technology industry future of work deals of Q4 2020 tracked by GlobalData were:
1) Salesforce.Com’s $27.7bn acquisition of Slack Technologies
2) The $1.6bn private equity with Planview by TA Associates Management and TPG Capital
3) ADOBE’s $1.5bn acquisition of Workfront
4) The $1.1bn acquisition of Boston Dynamics by Euisun Chung, Hyundai Glovis, Hyundai Mobis and Hyundai Motor
5) CPE Funds Management’s private equity with Hollysys Automation Technologies for $936.5m.