The technology sector has been tipped as major source of M&A activity this year by market watcher KPMG.
According to the firm's latest Global M&A Predictor, technology sector valuations have outperformed the rest of the market, despite a slump of three per cent this year. Overall, valuations across UK plc are down 14 per cent.
In particular, KPMG has singled out the telecommunications industry as ripe for the picking, with valuations up two per cent.
Jonathan Stankler, technology M&A partner at KPMG, said companies in the mobile data or cloud industry will also prove popular takeover targets.
"A myriad of technological advancements are providing stimuli to the deal market as companies seek to share IP and access technology-hungry environments," he said.
In an interview with CRN, Wendy Mars says Cisco and its partners are no longer having to arm-twist customers on the need for digital transformation
Vendor's announcements include AI-powered Microsoft Office, a move away from password verification and an alliance with Adobe and SAP
Vendor claims hackers are hijacking machines to mine for cryptocurrency
Nearly half of SMBs are planning to invest in digital workflows to reduce their paper-based processes by 2025, according to Quocirca