*NEW RESEARCH* UK tech buyers look overseas

Merger and acquisition activity in the UK software and IT services (SITS) sector in Q3 was down from the higher levels seen in Q2, . There were 94 UK buyers and 82 UK sellers including 49 domestic deals in Q3, according to data from corporate finance firm, Regent Partners.

Demand for IT services companies accounted for 52% of all UK SITS deals, down from 62% in Q2, although vertical software providers were the largest single target sector at 22% followed by consultancies and SIs at 20%, and vertical solutions providers with a 15% share. Managed services and enterprise software each accounted for 10% of the UK SITS deals.

Subscribers to the TechMarketView Foundation Service can see the detail and the numbers in our latest quarterly review, IndustryViews Corporate Activity Q3 2018.

Posted by HotViews Editor at '07:00' - Tagged: acquisition