Big Data Deals Sustain Tech M&A Activity

Big data analytics drove an estimated 70 percent of merger and acquisition activity during the first quarter of 2016, according to a new survey. EY (formerly Ernst & Young) also reported last week that technology sector deal making “stabilized” during the first three months of this year following the M&A boom of 2015. New York-based EY said Chinese companies were the biggest spenders from January to the end of March with 34 deals, doubling the volume from a year ago to an aggregate disclosed value of $15.1 billion. While the volume of technology deals related to the Internet of Things (IoT), healthcare information technology and cyber security continued to grow at slower rates, big data continues to lead the way. EY reported that big data analytics deal volume soared 72…

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