* NEW RESEARCH * More UK SITS buyers than sellers in Q2

For the first time since Q3 2014, the number of UK software and IT services (SITS) buyers exceeded the number of sellers in the quarter. There were 83 UK buyers and 77 UK sellers including 45 domestic deals in Q2, according to data from corporate finance firm, Regent Partners.

Acquisitions of IT services companies accounted for 56% of all UK SITS deals, down from 58% in Q1, with consultancies and SIs representing the largest sector at 21%, followed by vertical solutions providers with a 14% share. Acquisitions of managed services businesses accounted for 9% of deals in Q2, down from 15% in Q1. Demand for industry specific expertise continued to be strong in the software sector, with vertically focused companies being the most sought after, accounting for 14% of the 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 Q2 2017.

For further information, please contact our Client Services team (info@techmarketview.com).

Posted by HotViews Editor at '07:29' - Tagged: acquisition