Feeds

UK goes shopping for tech firms

Domestic deal-making on the rise

Build a business case: developing custom apps

The UK went against tradition last year and became a net investor in technology companies, according to a new report.

Year-end figures for technology mergers and acquisitions from PricewaterhouseCoopers (PwC) Corporate Finance show that UK companies acquired 33 technology businesses worldwide in 2005, while just 24 UK companies were procured by overseas buyers.

In 2004, 32 UK technology firms were purchased by international buyers, compared to 25 domestic acquisitions.

Overall, PwC said the figures show a trend toward increasing domestic deal activity, with UK deal volumes up 58 per cent.

What's more, the numbers showed the UK Alternative Investment Market (AIM) posing a strong challenge to the US NASDAQ as the market of choice for young, fast-growth technology firms, the report said.

The junior stock market's straightforward regulatory framework, high liquidity and growing international visibility is proving to be a "fruitful hunting ground" for buyers looking to acquire companies in the middle of their growth curve.

"Strategic M&A was firmly back on the boardroom agenda in 2005, and this has had a profoundly positive effect on the technology deal market as a whole," PwC Corporate Finance technology sector leader Andy Morgan said.

"The large deals last year helped create the confidence that encouraged M&A in the mid-market where most technology companies are to be found. Looking ahead to 2006, we believe this activity will continue, with the mid-market remaining the heartland for M&A in Europe, in particular."

Copyright © 2006, Startups.co.uk

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.