UK SITS M&A hits 7-year peak

The number of UK software and IT services (SITS) mergers and acquisitions in Q3 was the highest since Q4 2006, with 91 UK buyers and 107 UK sellers (including 65 domestic deals) according to data from corporate finance firm, Regent Partners. Most in demand were Vertical Software companies comprising 25% of all UK SITS deals in Q3.  Consultancies & SIs, which have traditionally been the most popular, were pushed into second place accounting for 20% of deals.

Software acquisitions now account for 51% of the deals in Q3, up from 36% in Q4 2012. The situation in the wider European SITS sector is quite different with acquisitions of IT services companies still accounting for more than 60% of deals and a much smaller move in favour of software companies.

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Posted by HotViews Editor at '08:50' - Tagged: acquisition