The first quarter of 2017 got off to a slow start in terms of merger and acquisition activity in the UK software and IT services (SITS) sector.
According to data from corporate finance firm, Regent Partners, there were 76 UK buyers and 78 UK sellers including 42 domestic deals in Q1. Acquisitions of IT services companies accounted for 58% of all UK SITS deals, down from 61% in Q4 2016, with consultancies and SIs representing the largest sector at 21%, followed by managed services, which increased its share to 15%, and vertical solutions providers which also increased its share to 15%. Demand for sector expertise was also strong in the software sector, where vertically focused software companies continued to be the most sought after, accounting for 19% of UK SITS deals.
Subscribers to the TechMarketView Foundation Service can download our latest quarterly review of UK software and IT services M&A in the just released report, IndustryViews Corporate Activity Q1 2017.
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Posted by HotViews Editor at '09:07'
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