The US technology industry saw a drop of 18.04% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 509 deals worth $35.54bn were announced in June 2019, compared to the 12-month average of 621 deals.

Venture financing was the leading category in the month in terms of volume with 334 deals which accounted for 65.6% of all deals.

In second place was M&A with 146 deals, followed by private equity with 29 transactions, respectively accounting for 28.7% and 5.7% 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 $30.67bn, while venture financing and private equity deals totalled $4.58bn and $293.87m, respectively.

US technology industry deals in June 2019: Top deals

The top five technology industry deals accounted for 83.3% of the overall value during June 2019.

The combined value of the top five technology industry deals stood at $29.59bn, against the overall value of $35.54bn recorded for the month. The top announced US technology industry deal tracked by GlobalData in June 2019 was Salesforce.Com’s $15.7bn acquisition of Tableau Software.

In second place was the $10.05bn acquisition of Cypress Semiconductor by Infineon Technologies and in third place was Google’s $2.6bn acquisition of Looker Data Sciences.

The $661.19m merger of Nanometrics and Rudolph Technologies and Insight Enterprises’ acquisition of PCM for $581m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

The State of Technology This Week

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.