M&A Quarterly News In The Technology, Media and Telecom Industry Sector
By Dan Vermeire | Feb 28, 2020The report below gives a good overview of the first quarter M&A activity in the Technology, Media and Telecom Industry Sector. M&A activity for North American based target companies in the Technology, Media and Telecom sector for Q4 2019 included 421 closed deals, according to data published by industry data tracker FactSet.
One of the largest lower middle market transactions closed in November when PTC, Inc. acquired Onshape, Inc., a portfolio company of Commonwealth Capital Ventures, NEA Management Co LLC, AH Capital Management LLC and North Bridge Venture Partners for US$470 million in cash. PTC engages in the development and provision of software-based product management and development solutions. Onshape is a modern CAD system that unites advanced modeling tools and design data management in a secure cloud workspace that is accessible on any device.