US technology industry saw a rise of 2.27% in overall cloud deal activity during January 2021, when compared with the last 12-month average, led by $7.3bn merger of Alight solutions and Foley Trasimene Acquisition, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 135 cloud deals worth $25.03bn were announced in January 2021, compared with the 12-month average of 132 deals.

venture financing was the leading category in the month in terms of volume with 63 deals, which accounted for 46.7% of all cloud deals.

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.

Company Profile – free sample

Thank you!

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 form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was M&A with 54 cloud deals, followed by private equity with 18 transactions, respectively accounting for 40% and 13.3% of overall deal activity in the US technology industry during the month.

In terms of value of cloud deals, M&A was the leading deal category in the US technology industry with total deals worth $20.45bn, while private equity and venture financing deals totalled $2.43bn and $2.15bn, respectively.

US technology industry cloud deals in January 2021: Top deals

The top five technology industry cloud deals accounted for 79.5% of the overall value during January 2021.

The combined value of the top five technology cloud deals stood at $19.9bn, against the overall value of $25.03bn recorded for the month.

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

1) The $7.3bn merger of Alight solutions and Foley Trasimene Acquisition

2) The $7.1bn acquisition of Perspecta by Peraton

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

4) The $500m private equity deal with Volterra by F5 Networks

5) The Rise Fund and TPG Growth’s acquisition of Greenhouse Software for $500m.