Q2 2017 Technology deals activity experienced a temporary slump in deal value, despite climbing deal volumes which continues the trend seen over the last three quarters. The quarter slowdown was caused in part by no megadeal activity and a shift towards smaller transactions.
Software deals (265 deals totaling $9.7B) continue to be the mainstay of the Technology industry with double the activity of the second most active sector (Internet with $3.5B.)
Despite deal values in the quarter being down, the volume of activity in the period signals a continued healthy second quarter.
Q2 2017 deals activity in the Media and telecommunications market has been marked by an increase in deal values over the previous quarter, supported by the number of megadeals announced at greater than $1B.
Despite a slight dip in the volume of deals over the previous quarter overall, Communications and Recreation & Leisure-related deals both hit a two year high with respect to deal volumes in the category.
Looking ahead, Internet and Information Services-related deals are primed for growth, as companies look to innovate, monetize and drive expansion through businesses with established consumer relationships and an online presence.