1. Deals Analysis
February 23, 2021

Technology industry future of work deals total $9.1bn globally in January 2021

By Carmen

Total technology industry future of work deals worth $9.1bn were announced globally for January 2021, with the $4.5bn acquisition of Acacia Communications being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 71.7% over the previous month of $32.15bn and a rise of 57.2% when compared with the last 12-month average of $5.79bn.

In terms of number of future of work deals, the sector saw a drop of 29.07% with 61 deals in January 2021 when compared to the last 12-month average of 86 deals.

In value terms, North America led the activity with future of work deals worth $7.93bn in January 2021.

technology industry future of work deals in January 2021: Top deals

The top five future of work deals accounted for 88.7% of the overall value during January 2021.

The combined value of the top five future of work deals stood at $8.07bn, against the overall value of $9.1bn recorded for the month.

The top five technology industry future of work deals of January 2021 tracked by GlobalData were:

1) Cisco Systems’ $4.5bn acquisition of Acacia Communications

2) The $2.25bn acquisition of Wrike by Citrix Systems

3) Beijing Xicheng Jinrui Equity Investment Fund Management, Boyu Capital Consultancy, China Development Bank, China ReformLtd, CSC Financial, FountainVest Partners, Goldman Sachs Asia Securities, Haitong Securities, HOPU Jinghua (Beijing) Investment ManagementLimited, JIC TechnologyLimited, JinYi Capital, National Manufacturing Transformation and Upgrading Fund, Primavera Capital Group and Sequoia Capital China’s $700m venture financing of Beijing Wusi Chuangxiang Technology

4) The $350m venture financing deal of Calendly by ICONIQ Capital and OpenView Advisors

5) ClearBridge Investments, Franklin Resources, Leumi Partners, Neuberger Berman, Qatar Investment Authority and Teca Partners’ private equity deal with Paycor for $270m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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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