While M&A volume dipped compared to a year ago, venture-backed technology M&A exits increased over Q211. Several technology acquisitions were "dual track" exits, in which companies preparing for an IPO changed direction. The technology industry is one of the few to be experiencing growth, despite broader challenges in the world economy. The industry's predisposition to innovation will continue to drive M&A activity and the convergence of software, hardware and services in the months to come.
This quarterly update includes a recap of the quarter's largest deals and most active sectors, as well as a focus article about go-to-market (GTM) integration: the activities taken to integrate an acquired company’s customers, channels, processes, and systems.