Feeds

UK goes shopping for tech firms

Domestic deal-making on the rise

Security for virtualized datacentres

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

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.