ARCHIVED CONTENT
You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Angus Loten
After surging to record highs last year, mergers and acquisitions in the technology sector are expected to cool in the months ahead, with the bulk of deals driven by the corporate world’s ongoing shift to cloud computing, as well as new data management needs created by the Internet of Things, a new report says.
The slowdown comes after corporate technology buyers raced to close deals ahead of expected weaker economic growth, according to 451 Research, a New York-based tech market analysis firm.
Among roughly 40 corporate development executives it surveyed, 28% said they believed M&A activity would decline in 2016, the highest share since at least 2008. Only 31% felt M&A activity would pick up, down from 58% in 2015. Last year just 6% expected activity would decline. Survey respondents included executives at software firms, hardware and semiconductor companies and security services, among others.
Read the complete article at Tech M&As Expected to Slow: Report