Jan 23, 2017, 2:36 PM
Bay Area tech M&A activity remains on solid footing heading into 2017, following a strong finish last year. `
Q4 2016 saw 71 transactions completed for more than $13 billion. The majority of acquired companies were in internet software and services (30 deals), followed by application software (19 deals).
Expect M&A deal flow to increase even further this year as tech startups seek alternatives to an IPO.
Location, location, location.
More than 65% of last quarter’s deals done across the Bay Area were done by Bay Area investors. What’s that mean to you? Proximity to investors can be a major factor for tech startups seeking an M&A exit strategy.
Source: JLL Research, Standard & Poor's Capital IQ
Research and author: Eduardo Romero | Editor: Michael Cronin