10 Most Notable IT Mergers and Acquisitions of 2019
2019 showed a massive upswing in mergers and acquisitions in the IT sector, and it looks set to continue into 2020. The flurry of companies rushing to strengthen their existing offerings and expand their geographic reach by snapping up other capabilities is at an all-time high.
According to 451 Research’s M&A KnowledgeBase, 2018 technology M&A activity totaled $584 billion; in 2019, that number decreased to $392 billion — about 25% less spent globally on M&A. But that’s still “abnormally high,” said Scott Denne, a research analyst at 451 Research.
Deloitte’s annual study of M&A activity claimed that 73% of tech sector executives expect big deals to continue in the coming year — the highest percentage of any industry. But, their acquisition strategies might be set to change.
“Based on the latest survey results, there may be a pivot away from purchasing a company simply for its technology … Instead, in the next 12 months, corporate respondents note an increased focus on buying a company in order to expand,” the report states.
As we prepare to dive headfirst into 2020, here’s a look back at some of the notable IT mergers and acquisitions we saw in 2019 (in no particular order). Scroll through our slideshow above.