1. Deals Analysis
November 23, 2020updated 29 Nov 2021 11:28am

Technology industry M&A deals in October 2020 total $256.66m in UK

By Carmen

Total technology industry M&A deals in October 2020 worth $256.66m were announced in the UK, according to GlobalData’s deals database.

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The value marked a decrease of 99.4% over the previous month and a drop of 95.9% when compared with the last 12-month average of $6.19bn.

The UK held a 0.3% share of the global technology industry M&A deal value that totalled $82.59bn in October 2020.

In terms of deal activity, the UK recorded 44 deals during October 2020, marking an increase of 25.7% over the previous month and a rise of 12.8% over the 12-month average.

The UK technology industry M&A deals in October 2020: Top deals

The top five technology industry M&A deals accounted for 96.8% of the overall value during October 2020.

The combined value of the top five technology M&A deals stood at $248.31m, against the overall value of $256.66m recorded for the month.

The top five technology industry deals of October 2020 tracked by GlobalData were:

1) BlackLine’s $150m acquisition of Rimilia Europe

2) The $30m acquisition of Delta Financial Systems by Bravura Solutions

3) Thunderful Publishing’s $29.73m acquisition of Coatsink Software

4) The $28.49m acquisition of BREATHE by Elmo Software

5) Proact IT Group’s acquisition of Cetus Solutions for $10.09m.

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.

 

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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