Tech M&A deals continue to grow in volume and value, Regent Associates has claimed.
The market watcher revealed that M&A activity bounced back in May with 265 acquisitions of European tech firms at a combined value of $26.7bn (£16.3bn).
Notable deals included the £8.5bn acquisition of Skype by Microsoft, a £40m acquisition of TweetDeck by Twitter and a $390m deal between Symantec and Clearwell in the cloud and data storage market.
On the reseller side, Civica snapped up PSCAL – a firm that provides financial services software to the NHS.
In a statement, Regent Associates said: “There were only two £1bn-plus deals in the month, but there were a significant number of deals in the £100m-plus range which lifted the rolling three-month value curve.
“Valuation multiples continued to show an upward trend, reflecting the continuing momentum in the Techmark index.”
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