Feeds

UK goes shopping for tech firms

Domestic deal-making on the rise

Reducing security risks from open source software

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

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.