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.
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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.
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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.