Europe’s technology industry saw a rise of 17.3% in cloud deal activity in Q1 2021

Mergers & Acquisitions | Reports | Technology


Led by $2.5bn acquisition of Itiviti Group, Europe’s technology industry saw a rise of 17.3% in cloud deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

Weston College Tech month banner

A total of 295 cloud deals worth $12.3bn were announced for the region during Q1 2021, against the last four-quarter average of 251.50 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 142 deals, representing a 48.1% share for the region.

In second place was M&A with 117 deals, followed by private equity deals with 36 transactions, respectively capturing a 39.7% and 12.2% share of the overall cloud deal activity for the quarter.

In terms of value of cloud deals, M&A was the leading category in Europe’s technology industry with $7.05bn, while venture financing and private equity deals totalled $2.77bn and $2.48bn, respectively.

Europe technology industry cloud deals in Q1 2021: Top deals

The top five technology cloud deals accounted for a 69.7% share of the overall value during Q1 2021.

The combined value of the top five cloud deals stood at $8.57bn, against the overall value of $12.3bn recorded for the quarter.

The top five technology industry cloud deals of Q1 2021 tracked by GlobalData were:

  • Broadridge Financial Solutions’ $2.5bn acquisition of Itiviti Group
  • The $2.4bn private equity deal with Talend by Thoma Bravo
  • The $1.61bn merger of Ajax I and Cazoo
  • The $1.22bn acquisition deal with Signavio by SAP
  • Bpifrance – Fund Ambition boot Angels F3A, Kima Ventures and Y Combinator’s venture financing with Skypher for $847.69m.

Click here for more content from our special Tech Month, brought you by Weston College.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Tagged with:

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *