The US technology industry saw a drop of 13.9% in overall deal activity during August 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 501 deals worth $39.92bn were announced in August 2020, compared to the 12-month average of 582 deals.
Venture financing was the leading category in the month in terms of volume with 299 deals which accounted for 59.7% of all deals.
In second place was M&A with 173 deals, followed by private equity with 29 transactions, respectively accounting for 34.5% and 5.8% of overall deal activity in the country’s technology industry during the month.
In terms of value of deals, M&A was the leading deal category in the US technology industry with total deals worth $29.75bn, while private equity and venture financing deals totalled $5.85bn and $4.33bn, respectively.
US technology industry deals in August 2020: Top deals
The top five technology industry deals accounted for 69.3% of the overall value during August 2020.
The combined value of the top five technology deals stood at $27.65bn, against the overall value of $39.92bn recorded for the month.
The top five technology industry deals of August 2020 tracked by GlobalData were:
1) Intercontinental Exchange’s $11bn acquisition of Ellie Mae
2) The $5.35bn acquisition of Vertafore by Roper Technologies
3) AVEVA Group’s $5bn acquisition of OSIsoft
4) The $4.7bn private equity deal with Epicor Software by Clayton, Dubilier & Rice
5) Emerson Electric’s acquisition of Open Systems International for $1.6bn.
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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.