Tech sector valuations continue to recover

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Tech sector valuations continue to recover

Simon Quicke

The level of mergers and acquisition activity in the European IT and telco market dipped slightly last month compared to the start of the year but continues to be a cause for optimism.

Those watching the market point out that although the number of transaction decreased slightly last month the sector is regaining its pre-recessionary position.

"The number of transactions decreased slightly in February, as usual, after hectic activity around the year end. Valuations continue to improve, particularly for high quality businesses," stated Regent in its monthly M&A review.

Some of the highlights of last month included IBM buying data management solutions specialist Initiate Systems, ACS extending its position in the public sector with the purchase of COA Solutions owner Redac Holdings and Google picking up On2 Technologies.

it also included the first European deal breaking the $10bn mark since the third quarter of 2007 with Dutch-based Celtel being the target of a $10.7bn offer from Bharti Airtel Limited from India.

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