The 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 2018 included 403 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions closed in December when Perforce Software, Inc., a portfolio company of Clearlake Capital Group LP, acquired Perfecto Mobile, Inc., a portfolio company of Vertex Venture Capital, Viola Ventures Ltd, Vodafone Ventures Ltd and Globespan Capital Management LLC, for US$200 million. The transaction expands the business offerings of Perforce. Founded in 2006, Perfecto is located in Burlington, Massachusetts and provides on-demand mobile testing infrastructure services.
- US corporate profits, which indicate corporate demand for computer software, rose 7.7% in the second quarter of 2018 compared to the same period in 2017.
- US retail sales for electronics and appliance stores, a potential measure of demand for computer software, increased 3.0% in the first nine months of 2018 compared to the same period in 2017.
- Total US revenue for software publishers rose 17.4% in the second quarter of 2018 compared to the previous year.
Posted by Dan Vermeire.